Financial Management: Theater Missile Defense Cooperation Account

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.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1995
Accession Number
AD1173196

Entities

People

  • Joseph E. Kelley

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Space

DTIC Thesaurus Topics

  • Accounting
  • Ballistic Missiles
  • Congress
  • Cooperation
  • Defense Systems
  • Department Of Defense
  • Financial Management
  • Governments
  • House Of Representatives
  • International Organizations
  • International Relations
  • Law
  • National Security
  • Nato
  • Regulations
  • Security
  • Theater Ballistic Missiles
  • Theater Missile Defense
  • United States

Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.
  • Missile Defense Systems.