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... 

U.S. Air Force photo France is discussing a potential purchase of two General Atomics-built unmanned aerial vehicles with the U.S. and Israeli governments, Reuters reports. According to Leigh Thomas’ story, French Defence Minister Jean-Yves Le Drian told iTele the country intends to buy the Reaper UAVs straight away. Citing Le Monde newspaper, Thomas... 

Boeing (NYSE: BA) has won a $65,877,538 contract from the U.S. Air Force to produce 2,701 guidance tailkits for bombs in support of a foreign military sales agreement. Israel will receive the Lot 17 Joint Direct Attack Munition kits through the firm-fixed-price contract, the Defense Department said Friday. According to Boeing, JDAM kits intend to convert... 

U.S. Navy photo Lockheed Martin (NYSE: LMT) has won a $206,821,828 U.S. Navy contract modificationTypes: Administrative Change : A unilateral contract change that does not affect the contractual rights of the parties. Change order: A written order, signed byBudget Year the CO, directing that the contractor to make a change authorized byBudget Year... 

Lockheed Martin photo Israel will provide electronic warfare equipment for the Lockheed Martin-made (NYSE: LMT) F-35 jet under a $450 million agreement, Aviation Week reports. This agreement puts the country closer to signing a 19-jet, $2.75 billion purchase of the F-35 from the U.S. through a foreign military sale, David Eshel and David Fulghum report. A... 

General Dynamics (NYSE: GD) is set to negotiate a contract with the Israeli Ministry of Defense for the creation of Merkava Armored Personnel Carriers (APC). The firm expects a deal to be in place byBudget Year the end of the year. According to the firm, “production will be performed at the Joint Systems Manufacturing Center in Lima, Ohio.  The... 

Lockheed Martin (NYSE: LMT) has a deal in place with Israel to make the F-35 Lightning II the Israel Air Force’s next-generation fighter aircraft. According to the firm, “Israeli Ministry of Defense Director General (Maj. Gen. Ret.) Udi Shani signed the Letter of Offer and Acceptance for the procurement of the F-35 aircraft.” Israel becomes...