Iron Dome Agreement Allows Immediate Transfer of $429 Million

YERUSHALAYIM -

The U.S. has demonstrated its backing for Israel security again with the signing of an agreement guaranteeing continued American support for the Iron Dome missile defense system, including an immediate transfer of $429 million.

United States Embassy in Tel Aviv made the announcement on Monday of the March 5th agreement.

The agreement “ensures continued U.S. funding for procurement of Iron Dome systems and interceptors, and provides for significant co-production opportunities for U.S. industry,” according to a statement issued by the U.S. Missile Defense Agency.

“The Iron Dome system is an invaluable component of Israeli missile defense,” the statement continued. “During Operation Pillar of Defense in 2012, Iron Dome was credited with saving countless Israeli lives, and was called a ‘game-changer’ by many Israeli policy-makers.”