Israel upgrades Arrow missile defense system
An Israeli official told Reuters that the upgrade was "part of the technological race in the region."
An unnamed Israeli official source told Reuters that the new "Block 4" generation of the Arrow, which includes technologies for synchronizing with US systems, was being installed over a period of weeks.
"The accuracy and the reach will be greater," the official told Reuters of the new generation of the system, which is designed to blow up incoming missiles at high altitude, adding, "It is part of the technological race in the region."
Reuters points out that the Pentagon and US firm Boeing are partners in Arrow, and comments that this is an investment that the Obama administration hopes will help stay the Israelis' hand as it faces the prospect of a nuclear-armed Iran. Reuters quotes US Secretary of Defense Leon Panetta as having said last week that Arrow, like the short-range rocket interceptor system Iron Dome, was "designed to prevent wars".
Published by Globes [online], Israel business news - www.globes-online.com - on August 5, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options