(Globes) Yuval Azulai - U.S. arms manufacturer Raytheon will make $9.5 million in reciprocal procurement in Israel over the next five years, in an agreement signed Wednesday in the U.S. The agreement was sparked by cooperation between Raytheon and Rafael Advanced Defense Systems Ltd. in the development and production of the new David's Sling anti-missile defense system. Rafael makes the interceptor missile for the system, while Raytheon produces the launchers, chassis, and other accessories for it. Raytheon's procurement in Israel will focus on electronics and semiconductor enterprises, many of which are already subcontractors for Rafael.
2016-04-01 00:00:00Full ArticleBACK Visit the Daily Alert Archive