30 Mar '11, 1am

US military strikes on Libya have cost nearly $700 million so far, the Pentagon said

US military strikes on Libya have cost nearly $700 million so far, the Pentagon said

A weapon is carried on a trailer at the Aviano Nato airbase in Aviano, Italy. -- PHOTO: AP WASHINGTON - US MILITARY strikes on Libya have cost US$550 million (S$694 million) so far, the Pentagon said on Tuesday, adding that the tab was likely to increase another US$40 million in the next few weeks. Between March 19 and 28, the Defence Department spent more than 60 per cent of the funds on munitions, such as missiles and bombs, with the rest going toward deploying troops and covering the costs of combat, including additional fuel needed for US aircraft and ships. US troops fired at least 192 of the 199 Tomahawk cruise missiles launched against Libyan air defenses and command centres. Each Tomahawk missile costs about US$1.5 million, Nato's Supreme Allied Commander Europe Admiral James Stavridis told a congressional hearing, bringing total expenditures for the pricey munitio...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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