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Talks were held in June 1954, resulting in the signing of an agreement on 12 August 1954. The United States would develop an intercontinental ballistic missile (ICBM) of 5000 nmi range, while the United Kingdom with United States support would develop a medium-range ballistic missile (MRBM) of 2000 nmi range. The American ICBM was codenamed Atlas, while the British MRBM was called Blue Streak.

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