TYSONS CORNER, VA, Aug. 15, 2016 — Boeing (NYSE: BA) and Raytheon (NYSE: RTN) could receive approximately $100 million each in U.S. missile defense funds for Israel through their respective work on the Arrow-2 and Arrow-3 programs with Israel Aerospace Industries and Iron Dome and David’s Sling programs with Rafael, ExecutiveBiz reported Friday.Defense News reported Friday that the companies’ U.S. subcontractors and suppliers also stand to gain from the production agreement between the U.S. and Israel, in which 50 percent of the work and 50 percent of the funds will go to U.S. companies.
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