US to fund phase 3 of Arrow missile
The United States will
fully fund phase 3 of Israel's Arrow missile project.
The cost is estimated at $100 million. 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.
In May 2009, the Obama administration said it would continue to support the Arrow project, as it had done since its inception over 20 years ago. However, Israel was concerned that the US would end the funding due to major cuts made to the US defense budget by Secretary of Defense Robert Gates. Development costs for the system are expected to reach some $100 million. The Arrow 3 will likely become operational in 2012-2013.
The Arrow 3 will be a longer-range version of the Arrow system currently in IDF operation, and will be capable of intercepting incoming missiles at higher altitudes and longer ranges. Israel and the US are also developing David’s Sling, a missile-based defense system for projectiles with a range of 70-250 kilometers.
Get all these contracts signed between now and November.
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