... each Tomahawk cruise missile likely to be fired on Syria costs an estimated $1.5 million each to replace. That's great news for Raytheon (NYSE: RTN ) , which builds the missile, but not for the Navy's budget. Plus, if the U.S. fires missiles, that'll add an additional $30 million per week for as long as the Navy's Nimitz and Truman are engaged in combat.
Those costs may not seem like much when you factor in overall defense spending, but thanks to the nature of sequestration, the Navy, as well as the rest of the military, is hurting.
(Excerpt) Read more at fool.com ...
Why are we spending $1.5 million per missile "firing a shot across the bow" that will do nothing to stop the chemical attacks, and will only give Assad a propaganda edge?
Obama could go on a weekend vacation for this amount.
Obama could go on a weekend vacation for this amount.
