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Report: Raytheon Helping Develop New Interceptor Missile for Israel

Raytheon engineers (NYSE: RTN) are helping Israel develop a new missile interceptor for its defense shield, known as David’s Sling, the Boston Globe reports.

Bryan Bender reports the company’s role in helping develop the shield has been funded by the Israeli firm Rafael to the tune of about $130 million over the past three years.

The company’s Patriot missile batteries were deployed to Israel during the 1991 Persian Gulf War as Iraq was launching Scud missiles at Israel.

Those batteries were originally designed to shoot down aircraft, the report said.

According to Bender, Sling is designed to complement Israel’s current Iron Dome system, which contains a radar sensor designed to determine if rockets are headed for densely-populated areas.

In March, the U.S. Defense Department asked for additional funds to purchase missiles and batteries for the Iron Dome (click over to our sister site ExecutiveGov for more coverage).

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