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Accession Number:
AD1173196
Title:
Financial Management: Theater Missile Defense Cooperation Account
Report Date:
1995-04-01
Abstract:
In response to the law, DoD established a Theater Missile Defense Cooperation Account in the U.S. Treasury. DOD notified U.S. allies about the account, but has not received any contributions as of the end of February 1995. Thus, there were no financial transactions for us to assess. Beyond informing allies about the account, DOD has made no further efforts to obtain contributions. Instead of seeking cash contributions, DOD has pursued the cooperative development of several theater missile defense systems with U.S. allies. According to DOD officials, the allies have an incentive to participate in joint development programs where a portion of the work will be performed in their countries. The Theater Missile Defense Cooperation Account had a $0.00 balance as of the end of February 1995. DOD does not expect any cash contributions. Therefore, it has not issued applicable regulations governing the Theater Missile Defense Cooperation Account because it believes they are a low priority.
Document Type:
Conference:
Journal:
Pages:
8
File Size:
4.32MB
Contracts:
Grants:
Distribution Statement:
Approved For Public Release
