Israel
Tel Aviv experiments with Christmas illuminations and festive markets
The end-of-year festivities have officially begun in Tel Aviv, and this year they come with a twist few would have predicted.
Iron dome boost: RTX and Rafael seal billion-dollar missile agreement
1 min Mena Today
Defense contractor RTX announced on Saturday that its joint venture with Israel’s Rafael Advanced Defense Systems, Raytheon-Rafael Protection Systems, has secured a USD 1.25 billion contract to provide Israel with surface-to-air missiles.
The plant will manufacture missiles for both the Iron Dome Weapon System and its U.S. variant, SkyHunter, designed to counter short- to medium-range aerial threats © Mena Today
Defense contractor RTX announced on Saturday that its joint venture with Israel’s Rafael Advanced Defense Systems, Raytheon-Rafael Protection Systems, has secured a USD 1.25 billion contract to provide Israel with surface-to-air missiles.
The package includes missiles, missile kits and test equipment dedicated to strengthening the Iron Dome air defense system.
The contract comes amid heightened global geopolitical tensions, which continue to drive strong demand for RTX’s defense products. The Iron Dome system, considered one of the world’s most effective short-range interception platforms, relies heavily on this class of interceptor missiles.
As part of the expanding production effort, the companies highlighted a USD 33 million capital investment to build a new facility in East Camden, Arkansas.
The plant will manufacture missiles for both the Iron Dome Weapon System and its U.S. variant, SkyHunter, designed to counter short- to medium-range aerial threats.
RTX recently raised its annual profit and revenue outlook, citing growing international demand for its missile systems as well as increased aftermarket services. The latest contract further consolidates the company’s position as a key supplier in the global air defense market.
By Allan Sandorste
Related
Iran
Iran executes man accused of spying for Israel, judiciary's news outlet says
Iran executed a man on Saturday who it said was convicted of spying for Israel and having ties to Iranian opposition groups, the judiciary's Mizan news agency reported.
Syria
U.S. repeals Caesar Act in shift toward Syria normalization
Syria’s Foreign Ministry on Friday welcomed the permanent lifting of U.S. sanctions, calling the move a key step toward rebuilding a country devastated by more than a decade of civil war.
Subscribe to our newsletter
