Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Israel signs deal to expand production of missile defence laser

JERUSALEM (Reuters) – Israel’s defence ministry said on Monday it had signed a 2 billion shekel ($536-million) deal with local contractors to expand production of a new laser-based missile defence system that could be operational in the next year.

The deal signed with state-owned Rafael Advanced Defense Systems and Elbit Systems (NASDAQ:ESLT) is for a high-power laser called Iron Beam that is designed to counter aerial threats, including rockets, mortar bombs, drones and cruise missiles.

It will supplement the Iron Dome system, which shoots down rockets and missiles fired at Israel, using radar-guided missiles to blow up short-range threats.

Eyal Zamir, the director general of Israel’s defence ministry, said the Iron Beam deal “heralds the beginning of a new era in warfare.”

Iron Beam is seen by experts as a much cheaper alternative for neutralising enemy rockets and drones than the interceptor missiles Israel currently uses.

($1 = 3.7290 shekels)

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com