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Tag: Israel

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Israel Finalizes $3B Deal to Purchase 25 F-35s From US

Israel has ordered 25 F-35s from the United States to expand its fleet of 75 fifth-generation stealth fighters. The Israeli Ministry of Defense signed a letter of offer and acceptance with the U.S. government to facilitate the acquisition, which will be the third batch of F-35 squadrons for the Israeli Air Force. Under the $3...

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Ukraine, Israel, Taiwan to Receive US Security, Humanitarian Assistance Under New Law

President Joe Biden has signed a bill into law providing seven federal agencies with additional funding to deliver assistance to Ukraine, Israel and Taiwan. The legislation also authorizes the president to transfer defense articles and services from the Department of Defense to foreign countries or international organizations and enables the implementation of sanctions against foreign...

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US Expands Export Controls of Technologies to Russia, Iran Following Air Attack on Israel

The United States is expanding its list of items that require a license to be exported to Iran and Russia.  On Monday, the Bureau of Industry and Security amended the Export Administration Regulations and added new items to the foreign direct product rules governing the two adversarial nations. FDP rules control the export of materials...

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US Treasury Designates Entities, Individuals Involved in Iranian Drone, Missile Production

The Department of the Treasury’s Office of Foreign Assets Control has designated 16 individuals and several entities for enabling Iran’s production of unmanned aerial vehicles and ballistic missiles used in a weekend attack against Israel. Companies and individuals subject to assets and trade restrictions include Oje Parvaz Mado Nafar Co. and its CEO Mohammad Sadegh...

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Defense Industry Seeks Clarification on Ottawa’s Arms Export Freeze to Israel

Canadian arms exporters to Israel with permits approved before Jan. 8 can proceed with the transaction, even as Canada’s House of Commons passed on March 18 a measure temporarily halting such sales over human rights concerns from Tel Aviv’s military actions in Gaza. The Canadian Association of Defence and Security Industries, however, still wants specific...

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US, India, Israel, UAE Step Up to Promote I2U2 Initiative

The United States has signed a memorandum of understanding with Israel, India and the United Arab Emirates to form the I2U2 Private Enterprise Partnership. According to the MOU, the public-private partnership was established to promote and advance the mission of the I2U2 Group, which refers to India, Israel, the U.S. and the UAE. The group, whose...

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Israel, Germany Jumpstart $3.5B Deal on Arrow 3 Air Defense

Israel has signed a $3.5 billion agreement to equip Germany with the Arrow  3 air defense system. German Defense Minister Boris Pistorius welcomed his Israeli counterpart, Yoav Gallant, in Berlin on Thursday for the signing ceremony of an official letter of commitment between the two countries, Breaking Defense reported. In a statement, Israel’s Ministry of...

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Germany and Israel Finalize Arrow 3 Acquisition

German and Israeli officials, led by Israel Ministry of Defense Director General Eyal Zamir, have signed a final agreement for Germany to acquire the Israeli-manufactured and U.S.-developed Arrow 3 missile defense system. In its announcement via social media, the Israeli Ministry of Defense valued the deal at about $3.6 billion and described the signing as...

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Intel Wins $3.2B Incentives for $25B Israeli Chip Factory

The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...

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US OKs Israeli Purchase of More M107 Ammunition

U.S. State Secretary Antony Blinken has approved an amended ammunition sale to Israel, calling for additional M107 155 mm ammunition ancillaries, which increases the estimated cost to $147.5 million from the initial $96.51 million order. The Defense Security Cooperation Agency said the Department of State skipped congressional review for the added procurement after Blinken determined...