A budget of $33 million has been earmarked to establish a production facility in Arkansas.
From the point of view of the Defense Ministry and IDF, the new Barak tank is the most advanced tank in the world today.
"One year from now – Israel will be the first country to have partial laser protection. In two years there may be complete protection," said Yuval Steinitz.
As part of the deal, the Marine Corps will purchase 44 Iron Dome launchers and 1,840 Tamir interceptors.
The Defense Ministry notes that geopolitical changes occurring in Europe and Asia have generated significant demand for Israel's cutting-edge systems.
Russia, China, and Iran have all made various claims about possessing or working on developing such advanced missiles.
The announced deal comes shortly after a similar deal for Israel to provide Finland with the David's Sling air defense system.
This is the story of 10 groundbreaking companies and their leaders, a minyan (10 entities) that built Israel’s wealth, from Iscar to Mobileye.
IAI announced the start of a training program promoting women to CEO positions in the state defense industries.
State Comptroller Matanyahu Englman encouraged the defense companies to improve the integration of minority populations.
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