Photo Credit: Uri Lenzl/Flash90
Iron Dome downs Palestinian rocket near Beer Sheba

The Israeli government will spend more than half the money provided by the U.S. for the Iron Dome anti-missile system in the U.S.

Israel will pay U.S. contractors some 30 percent of the $176 million allocated for the Israeli-built missile interception system for the coming fiscal year and 55 percent for the next year, up from three percent, Bloomberg News reported, citing a U.S. Missile Defense Agency report to Congress.

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“Under this agreement, the United States focus shifts toward maximizing economic activity in the United States while ensuring that Israel’s security needs are met,” the missile defense agency said in the April 2 report, Bloomberg reported Wednesday. “This new agreement strikes a better balance for both parties and should serve as a model for the future.”

Congress has approved $703 million since 2011 for Israel to spend on Iron Dome.

The agreement with Israel includes a provision which would allow production of a part to revert to Haifa-based Rafael Advanced Defense Systems Ltd if the U.S. price is five percent higher than what it would cost to produce in Israel.

The first contracts are expected to be awarded in July.

Iron Dome intercepted about 400 or 85 percent of the rockets fired at Israel from Gaza during eight days of fighting in 2012.

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12 COMMENTS

  1. This arricle is only quoting Bloomberg news, and no one really knows what goes on behind close doors between American government and Israel when it comes ro these things..high security,.anyone in the military can tell you that. Personally, I loce our drones, wow…didnt ses that coming! How many extremists have we taken out with those babies, yes post your little picture…few days laters their leaders were shot and killed by drones. .put some more pics up…idiots

  2. Donna, I did some name interpretation for you. It is so easy you probably did it for yourself already. Glad that the president of Israel and president of Palestine are meeting with Pope Francis at The Vatican on June 8, 2014. Be interesting to see what transpires. Our prayers are with each one of them at this crucial time in the world because this will affect everyone whether they believe it or not. Thank you for your answer to my question too.

  3. Geoffrey Rogg , they can learn too. Thank you for what you said to me. Blessings and All Good Things. Any comment for the President of Israel and President of Palestine meeting with Pope Francis on June 8, 2014 at The Vatican in Rome. It is on absolutely!

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