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The Department of Defense is including Fort Drum, near Watertown, as one of five sites to be studied for a new East Coast missile defense program. Local officials hailed the decision. But the Pentagon itself says it has no money to build the site.

Fort Drum will be considered along with Camp Ethan Allen in Jericho, Vermont, and military sites in Maine, Ohio, and Michigan.

Cong. Bill Owens says a missile interceptor base would bring billions of dollars in investments and more troops to the Jefferson County region.