• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump, Hegseth to announce ‘golden dome’ missile defense plan, US official says

by May 20, 2025
written by May 20, 2025

President Donald Trump will make an announcement on the Golden Dome missile defense system at 3 p.m. ET this afternoon alongside Defense Secretary Pete Hegseth and Space Force Vice Chief of Operations, General Michael Guetlein, a U.S. official confirmed to Fox News. 

The Pentagon’s recommendations for the multibillion-dollar project will be announced, including the drafted architecture and implementation plan for the complex satellite system, the official added. 

A total of $25 billion has been carved out of next year’s defense budget for this system, but the Congressional Budget office estimates it could cost as much as $500 billion over the next 20 years.   

Officials told Reuters that Guetlein will likely be named as the lead program manager for the Golden Dome project. 

Last month, Reuters reported that Elon Musk’s SpaceX and two of its partners have emerged as frontrunners to build part of the missile defense system. 

SpaceX is teaming up with software maker Palantir and defense technology company Anduril for a joint bid, with all three of the companies having met with top officials in the Trump administration and the Pentagon to pitch their proposal, sources told Reuters at the time. 

Their plan is to build and launch 400 to up to more than 1,000 satellites to track the movement of missiles around the globe, the sources said. A fleet of 200 attack satellites armed with missiles or lasers would then eliminate enemy projectiles, but the SpaceX group is not anticipated to play a role in the weaponization of those satellites, the sources added.   

Trump has ordered the construction of an advanced, next-generation missile defense shield to protect the U.S. from an aerial attack.  

In January, he signed an executive order that tasks Secretary of Defense Pete Hegseth with drawing up plans to build an ‘Iron Dome for America’ that will protect Americans from the threat of missiles launched by a foreign enemy. 

The Pentagon has received interest from more than 180 companies to help build the project, a U.S. official told Reuters.   

Fox News’ Sarah Rumpf-Whitten contributed to this report.   

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Iran’s Khamenei says Americans should avoid talking ‘nonsense’ in nuke talks
next post
Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

related articles

Democrats project doom and gloom, not celebration, with...

July 5, 2025

Xi Jinping’s surprise no-show at BRICS Summit fuels...

July 5, 2025

Iran regime escalates repression toward ‘North Korea-style model...

July 4, 2025

This July 4th, a family waits: American hostage’s...

July 4, 2025

President Trump to honor Iran strike flight team...

July 4, 2025

North Korea lashes out after Trump DOJ exposes...

July 4, 2025

Saudi defense minister secretly meets with Trump to...

July 4, 2025

Trump administration swarms SCOTUS with emergency requests and...

July 4, 2025

Trump administration torpedoes SCOTUS with emergency requests and...

July 3, 2025

Mike Johnson touts ‘beauty of unified government’ after...

July 3, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Rheinmetall, BAE Systems and other European defence stocks surge as leaders push for higher military spending

    March 3, 2025
  • JONATHAN TURLEY: Joe Biden’s pardon of son Hunter cements his legacy as liar in chief

    December 2, 2024
  • US stocks climb higher on Tuesday: Dow jumps 180 points, Nasdaq up 0.4%

    April 15, 2025
  • Kamala Harris presidency would undermine US in this key region

    August 14, 2024
  • Pelosi addresses whether there’s ‘way back’ to Biden friendship after Dem pressure campaign to drop out

    August 11, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,251)
  • Investing (634)
  • Stock (832)

Latest Posts

  • Trump shoots down rumors he will seek 3rd term: ‘Not something I’m looking to do’

    May 4, 2025
  • European stocks wrap volatile week mixed: FTSE 100 inches higher, DAX dips

    April 11, 2025
  • Trump directs Secret Service to give him ‘every bit of information’ about his attempted assassins: report

    February 9, 2025

Recent Posts

  • VP Harris faces backlash in crucial swing state after her ‘disastrous’ anti-fracking position resurfaces

    July 23, 2024
  • Huge healthcare data breach exposes over 1 million Americans’ sensitive information

    February 8, 2025
  • Mike Johnson kicks off swing-state tour as GOP clings to House control

    October 17, 2024

Editor’s Pick

  • 4 Trump rivals that Biden didn’t pardon

    January 21, 2025
  • Federal agencies control fates of employees who bucked Musk ‘what did you do last week’ email

    February 25, 2025
  • House Dem pushes to censure Boebert over TV interview about Al Green

    March 11, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock