(Defense News) Barbara Opall-Rome - U.S. military aid to Israel means Jerusalem will remain a hot market for American defense firms for years to come. Under U.S. law, Israel must spend 73.7% of congressionally appropriated foreign military financing (FMF) funding in the U.S. The Lockheed Martin F-35 Joint Strike Fighter leads the big-ticket programs funded by annual FMF, followed by ongoing purchases of the firm's C-130J and a $735 million contract for Honeywell engines used to power Israel's new fleet of Alenia Aermacchi M-346 trainer jets. General Dynamics will produce hulls and materiel kit sets for up to 600 Israeli Namer troop carriers over the next eight years at its Lima, Ohio, facility.
2012-11-16 00:00:00Full ArticleBACK Visit the Daily Alert Archive