U.S. Missile Shield Budget Rises After Failed Tests

Aug. 3 (Bloomberg) -- Henry Obering III, a former director of the Missile Defense Agency and retired Air Force Lieutenant General, talks about the U.S. ballistic missile defense program's performance, budget and costs. The national missile shield has flunked seven of 15 flight tests including two tied to Raytheon Co.'s $30 million rocket-launched "kill vehicles." Bloomberg's Gopal Ratnam reports. (Source: Bloomberg)