My understanding that a major contributing factor toward cancelling the M247 was the M48 hull. It was too slow. So any viable alternate solution needed a Abrams or Bradley hull.
The truth of the matter is that the US has not really put any priority on unit level AA. The Army seemingly has decided on primarily relying the USAF and Patriot SAM and I guess the Stinger MANPADS. Sooner or later, the US military is going to pay a hefty price by ignoring tactical, unit level air defense.
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