Friday, March 26th, 2010
As Prime Minister Benjamin Netanyahu was in Washington this week absorbing the full wrath of the Obama administration, the Pentagon and Israel’s defense establishment were in the process of sealing a large arms deal.
According to the deal, Israel will purchase three new Hercules C-130J airplanes. The deal for the three aircrafts, designed by Lockheed Martin, is worth roughly a quarter billion dollars. Each aircraft costs $70 million.
The aircrafts were manufactured specifically for Israeli needs, and include a large number of systems produced by Israel’s defense industry.
The deal will be covered by American foreign assistance funds. The Pentagon will issue a formal announcement on the matter on Thursday evening.