Bloomberg:
A new Pentagon missile defense system is running at least two years behind schedule, delaying a project in Poland intended to intercept potential attacks on Europe by Iran, and the Missile Defense Agency blames the flawed performance of a key contractor.
A U.S.-based unit of John Wood Group Plc has lost all but $300,000 of $12 million in performance awards it could have earned on a $186 million contract with the Army Corps of Engineers, according to the Pentagon. The delay has forced the Defense Department to seek an extra $90 million to complete the project.
