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Tuesday, May 08, 2012

US to allocate $1B to Iron Dome

[Arrow anti-ballistic missile]A US House panel has unveiled a $608 billion defense spending bill that restores some of the programs the Pentagon wanted to cut next year and provides nearly $1 billion for Israel's missile defense systems including the Iron Dome and Magic Wand.

The House Appropriations Committee released the bill on Monday that includes $519.2 billion for the fiscal 2013 base budget and $88.5 billion for Afghanistan and other counterterrorism activities.

That's $1.1 billion more than the current level and $3.1 billion more than President Barack Obama requested.

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