Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

Most Iron Dome funding goes to US contractors

By
May 29, 2014 20:02

US contractors will be receiving more than half of the $176 million allocated by Congress to Israel for the project.

Iron Dome rocket defense battery [file]

Iron Dome battery 370. (photo credit:Ben Hartman)

WASHINGTON – American defense contractors will receive a larger slice of the funds allocated by Congress to Israel’s Iron Dome missile defense system next year.

The three percent increase means US contractors will be receiving more than half of the $176 million designated to the project.



Be the first to know - Join our Facebook page.



Foreign military financing often involves the obligation of appropriated funds to US defense firms – an opportunity for Congress to inject federal dollars back into the American economy.

“Under this agreement, the United States focus shifts toward maximizing economic activity in the United States while ensuring that Israel’s security needs are met,” the US Missile Defense Agency said in the April 2 report, Bloomberg News reported Wednesday. “This new agreement strikes a better balance for both parties and should serve as a model for the future.”

Congress has approved $703m. since 2011 for Israel to spend on Iron Dome.

Iron Dome has been lauded for its exceptional success rate, intercepting 85% of rockets headed toward populated regions of Israel from Gaza.

Relevant to your professional network? Please share on Linkedin

Tags:
  • iron dome
  • israel united states relations
  • us aid to israel
  • us israel relations
  • Share this article via
    from around the web
    Related Content
    idf hebron
    August 22, 2014
    Palestinians throw Molotov cocktail at IDF checkpoint in Hebron

    By KHALED ABU TOAMEH, TOVAH LAZAROFF

    Top Stories
    Israel Weather
    • 12 - 27
      Beer Sheva
      14 - 23
      Tel Aviv - Yafo
    • 11 - 23
      Jerusalem
      12 - 23
      Haifa
    • 16 - 29
      Elat
      16 - 30
      Tiberias