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A Buckler interceptor launch. Photo: Courtesy of X-Bow Systems

X-Bow Systems developed and recently flight-tested an interceptor it's pricing below $100,000, a fraction of what some other well-known air defenses cost, executives told Axios.

Why it matters: Drone-and-missile barrages are chewing through countermeasures worldwide, and reliance on multimillion-dollar munitions has come under great scrutiny.