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Thursday, Mar 23rd

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You are here News International Despite row, U.S. and Israel sign massive arms deal

Despite row, U.S. and Israel sign massive arms deal

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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.

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