The Defense Post

American defense startup Ares Industries has announced the first flight test of a new anti-ship cruise missile being developed for the US military. The weapon, said to be 10 times smaller and cheaper than existing missile systems, was tested within 11 weeks of the company’s opening. It is reportedly meant to help fill the “munitions gap” caused by expensive weapons in the US armed forces inventory.

Typically, anti-ship cruise missiles weigh 3,000 pounds (1,360 kilograms) and cost about $3 million.

But with the Ares Industries initiative, the military will have the option to buy a smaller, 300-pound (136-kilogram) cruise missile for approximately $300,000.

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