I will discuss ballistic missile threats to the United States posed by countries with extant and emerging capabilities, and will raise some questions regarding the strategic implications of these threats for the United States in coming years. I will address cruise missile threats only briefly, as they are, at present, not as pressing a problem in strategic terms as the ballistic missile threat. I will first discuss extant ballistic missile capabilities. Second, I will consider emerging threats and examine the program supporting efforts to develop long-range ballistic missile capabilities in a number of countries. Finally, I will turn to strategic implications of the evolving ballistic missile threat.