It honestly seems low. The patriot interceptor system costs $1B each and each rocket fired to attempt to intercept an incoming missile costs $4M.
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Cooking @lemmy.world Carbon steel pans
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Once you get past design, procurement rules, insurance, permitting, collaborating with all impacted parties, avoiding buried utilities, easements, paying project management fees, any environmental concerns, municipal capital work like that quickly becomes more expensive than you buying a shed from a hardware store and drilling some concrete anchors.