UPDATE 1-Pentagon approves next phase of Army modernization


(Updates with formal announcement) WASHINGTON, May 19 (Reuters) - The Pentagon has approved the $14.92 billion development and demonstration phase of the Future Combat System, a Boeing Co. -led project to modernize the U.S. Army, the Army said on Monday. The Army defines Future Combat Systems as a web of aerial and ground, manned and unmanned combat vehicles linked via a command-and-control network. It aims for an initial operating capability by 2010. Defense Undersecretary Edward ...

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