Israeli Companies Accrued $1 Billion From F-35 Deals

‘Israeli defense contractors have generated more than $1 billion in revenues since 2010 for assisting with the F-35 Joint Strike Fighter program, the most expensive weapons program in history.
The Israeli Defense Ministry reported Sunday that 2016 was a banner year for F-35 partners. Contracts tied to production of the F-35 shot up 33 percent last year for a total of $258 million in new deals for Israeli companies. Since Israel inked a deal to buy 19 F-35 fighters in 2010, Israeli firms have won more than $1 billion in ‘buy-back contracts.’
“The scope of industrial cooperation between [Lockheed Martin] and Israeli industry, in just the last year, shows the immense potential inherent in this arrangement for the Israeli economy,” Col. Avi Dadon, deputy director of purchasing at the Ministry of Defense, noted.’
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