The geopolitics are fairly simple: the missile-defense bases Bush planned for Poland and the Czech Republic caused significant friction with Russia, which relies on its strategic arsenal to deter aggression from Europe, China, and the United States.
The Bushies had insisted the plan was aimed at containing Iran, not Russia. This is likely true; Obama has said as much, even though he signaled a willingness to cancel the project months ago. The AP story quotes European sources with some knowledge of how his administration's review of the project is turning out.
Such a move will likely draw intense denunciations from neocons. But for Redstone, the news is that Obama isn't giving up on missile defense altogether; he's just moving it closer to Iran:
Cartwright also has discussed ways the United States might join forces with other nations to watch and protect against Iranian missiles. Using multiple sensors, including some in the Persian Gulf region, theoretically could provide at least a partial shield for Eastern Europe without basing a full radar and interceptor system so close to Russia.
So they're still going to develop missile defense, but in a whole new region. That's probably good news for Redstone: planning changes always produce contractor windfalls -- and new jobs!
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