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Israel inks NIS 1b. defense deal with Elbit systems

image sourced from original article at https://www.jpost.com/israel-news/article-836425

The Defense Ministry of Israel has signed two major agreements with Elbit Systems, totaling approximately NIS 1 billion, to strengthen the country's domestic defense manufacturing capabilities. The first agreement focuses on the procurement of heavy air munitions to enhance the IDF's strike capabilities, while the second deal involves the construction of a national raw materials facility to reduce reliance on foreign suppliers. These agreements reflect the government's commitment to its 'Blue and White' policy, prioritizing homegrown production and partnerships with local defense companies. The initiative aims to secure vital defense assets, stimulate economic growth, and provide employment opportunities.

Original article source: https://www.jpost.com/israel-news/article-836425
Source Id: 8489114605

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