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Israel Asking to Buy Boeing-Made Bomb Kits For $641M Sale

U.S. Air Force photo

Israel has asked to buy 6, 900 Boeing-made (NYSE: BA) bomb guidance kits for a $647 million foreign military sales agreement, the Defense Security Cooperation Agency announced Monday.

Other principal contractors for the proposed sale include ATK (NYSE: ATK), General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN).

Goals of the sale of Joint Direct Attack Munition kits include helping Israel maintain current capabilities of its current systems, the DSCA said.

According to Boeing, the JDAM is a guidance kit designed to convert free-falling bombs into weapons guided by GPS or inertial navigation systems.

Eighteen international customers have purchased the kit, the company said.

The DSCA also announced Monday that Lockheed is the prime contractor for another proposed foreign sales transaction, a $421 million sale of Aegis Combat System updates to Japan.

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