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The president announced $25 billion in initial funding for the plan, which he said could eventually cost a total of some $175 billion.
"In the campaign I promised the American people I would build a cutting-edge missile defense shield," Trump said at the White House. "Today I am pleased to announce we have officially selected architecture for this state-of-the-art system."
"Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world, and even if they are launched from space," Trump said. "This is very important for the success and even survival of our country."
Golden Dome has more expansive goals, with Trump saying it "will deploy next-generation technologies across the land, sea and space, including space-based sensors and interceptors."