Report: US Contractors’ Cut of Israel’s ‘Iron Dome’ Spending to Increase From 3% to 55%

iron dome
Israel has agreed to share more than half of funds it will receive from the Pentagon next year with U.S. contractors to build Iron Dome anti-rocket shields, Bloomberg reported Wednesday. Tony Capaccio writes that the U.S. Missile Defense Agency told Congress in a report obtained by Bloomberg that funds going to the U.S. industrial base for the co-production of Israel’s missile interceptor will...

McKinsey’s Kito de Boer to Head Palestine Private-Sector Investments for ‘Middle East Quartet’

Kito de Boer, a director at McKinsey & Co., will oversee private-sector investment initiatives in Palestine for a group known as the “Middle East Quartet,” the Wall Street Journal reported Thursday. De Boer has worked at McKinsey since 1985 and has been based in Dubai since 1999, the Journal reports. He has advised European, Middle Eastern and African governments on how to address...

Elbit Systems Wins $123M Airborne Defense Electronics System Contract

Elbit Systems
Elbit Systems (Nasdaq: ESLT) has been awarded a potential four-year, $123 million contract to provide electronic systems to a European country. The company said Wednesday that the unnamed country will use the defense electronic systems for airborne applications. Elbit Systems is a defense contractor based in Haifa, Israel. LinkedInTweet+1E-mail

Marillyn Hewson: Lockheed Opens Israeli Office to Help Back Military’s Southern Strategy

Marillyn Hewson
Marillyn Hewson Shelly Gotman, managing director of Lockheed Martin‘s (NYSE: LMT) information systems and global solutions unit for Israel, will oversee the company’s newly-opened office in Be’er Sheva. “The opening of our Lockheed Martin office here in Be’er Sheva is a demonstration of our commitment to supporting the Israeli Defense Force’s ‘Move to the...

Shelly Gotman to Head Lockheed’s Israel Tech Sector Managing Director

lockheed martin
Shelly Gotman, a retired Israeli air force pilot, has joined Lockheed Martin (NYSE: LMT) as managing director of the company’s technology sector in Israel, the Jerusalem Post reported Wednesday. Yaakov Lappin writes the former F-16 pilot will work to help Lockheed capture new programs, collaborate with academic institutions in technological research and develop investment plans in Israel. Gotman...

Raytheon, Rafael to Co-Produce Missile Interceptors; Pini Yungman Comments

iron dome
Raytheon Co. (NYSE: RTN) and Israeli state-owned company Rafael Advanced Defense Systems are planning to co-develop an air defense system that is already used in Israel for the U.S. Army and allied forces, Defense News reported Thursday. Barbara Opall-Rome writes Rafael and Raytheon also want to jointly build Stunner interceptors, originally built for the US-Israel government-funded David’s Sling...

State-Owned Israel Military Industries Open to Privitization Bids; Moshe Ya’alon Comments

IMI logo
Israel officials plan to sell state-owned Israel Military Industries after ministers agreed on a privatization plan for the defense company, Defense News reported Wednesday. Barbara Opall-Rome writes that the Israeli government will make the $650 million company available to domestic and international companies that will need to form an Israeli management team and be subjected to the Defense Ministry’s...

Pentagon Wants Israel to Have Ospreys By 2015

Pentagon
The Defense Department has prioritized a foreign military sales order from Israel for six Boeing (NYSE: BA) and Bell Helicopter-built V-22 Ospreys ahead of the U.S. Marine Corps, Defense News reported Thursday. Marcus Weisgerber writes Israel’s formal request for modified versions of the tilt-rotor aircraft came this week following Defense Secretary Chuck Hagel’s visit to the Middle East in April. Israel...

Lockheed Delivers C-130J to Israel and 3rd F-35 to the U.K.; George Shultz Comments

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Lockheed Martin (NYSE: LMT) has delivered the first of three C-130J super Hercules’ for Israel’s Air Force under a U.S. foreign military sales agreement, the company said Wednesday. The delivery occurred at a Wednesday ceremony at Lockheed’s facility in Marietta, Ga. The airlifter will now undergo modifications to include Israel-made systems. George Shultz, vice president and general...

Report: Israel, US Discuss Military Funds Extension

State Dept. photo
State Dept. photo Israel is discussing plans to modernize its defense system with the U.S. and a possible extension of U.S. military funds after the current financing agreement ends in 2018, Bloomberg reported Friday. Gopal Ratnam and Tony Capaccio write Israel wants to acquire new weapons and equipment through the $3.1 billion in annual military aid it receives from the U.S. The move comes in light...