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Wednesday, May 28, 2014

Israel Agrees to Spend Half of Iron Dome Funds in U.S.

Iron DomeThe Israeli government has agreed to spend more than half the funds the Pentagon provides for its Iron Dome system in the U.S., bolstering the political appeal of the missile-defense system in America.

Funds going to U.S. contractors for components of the Israeli-built, Pentagon-funded system will jump to 30 percent this year and 55 percent next year from 3 percent previously, according to a U.S. Missile Defense Agency report to Congress obtained by Bloomberg News.

That amounts to at least $97 million of $176 million requested by the Defense Department for the coming fiscal year.

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