Monday, July 26, 2010

(NEWS) US To Fully Fund Israels Arrow 3 Missile Defense System

"Cost of ballistic missile defense system likely to reach $100 million.

Israel and the United States signed an agreement on Sunday under which the Defense Ministry will receive full funding for the development and production of the Arrow 3 ballistic missile defense system.

The agreement was signed in Tel Aviv by head of the ministry’s MAFAT Research and Development Directorate, Brig.-Gen. Ofir Shoham, and the head of the US Missile Defense Agency, Lt.-Gen. Patrick O’Reilly."

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