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Defense News: US Companies to Get 50% of Missile Defense Funds for Israel

Defense News: US Companies to Get 50% of Missile Defense Funds for Israel - top government contractors - best government contracting event
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MissileDefenseApproximately 50 percent of work that will result from U.S. missile defense funds for Israel will go to U.S. companies, Defense News reported Thursday.

Barbara Opall-Rome writes Boeing and Raytheon as well as their U.S. subcontractors and suppliers will receive half of the production funds to support work for the Iron Dome, David“™s Sling and Arrow missile defense programs in Israel.

“Under our agreements with the U.S., we are committed to true joint production whereby 50 percent of the budget and approximately 50 percent of the work will be done by U.S. companies in America,” an official at Israel’s missile defense organization said, according to the report.

Boeing partners with Israel Aerospace Industries to develop Arrow-2 and upper-tier Arrow-3 missiles that work to engage ballistic missile threats.

Raytheon collaborates with Israel-based arms developer Rafael to produce the Iron Dome rocket, artillery and mortar defense system as well as the future David“™s Sling air and missile threat interceptor.

Opall-Rome reports the production agreement with Israel could mean an estimated $100 million in reverted funds to Boeing and Raytheon.

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Written by Ramona Adams

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