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From my perspective of American warfare - shooting a $1 million dollar missile at every $100 drone is how they keep the war going :)

HN conveniently forgets that a $100 dollar drone has a $100 performance. Smaller range, smaller payload, worse navigation electronics. You can probably kill unprotected civilians and protected soldiers if the explosives reach the head. That's scary for civilians but for the military? It's only as bad as bullets and missiles.

But does the 1 million dollar missile cost 1 million to build a second one?

Often times military cost per unit factors in a fixed R&D cost. It doesn't necessarily mean it literally cost 1 million in parts and labor to assemble the single missile.