While Israel is in the midst of an effort to rebuild its stockpile of different types of ammunition that have been used extensively in the ongoing war, the Israeli ministry of defence is allocating big anounts for the accelerated development...
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While Israel is in the midst of an effort to rebuild its stockpile of different types of ammunition that have been used extensively in the ongoing war, the Israeli ministry of defence is allocating big anounts for the accelerated development of new systems.
Last week , Israel Aerospace Industries (IAI) reported a new contract with the ministry worth $700 million. The company declined to provide further details, other than the fact that its execution will be spread over five years.
The details of the major contract are highly classified but it can be assumed that the money will go for the development of new long range missiles, new systems for the Israeli Air Force (IAF) fighter aircraft and long range detection systems.
This is IAI's first giant deal in 2025, and will be reported as part of its results for the first quarter of the year. The company has not yet reported its full results for 2024, including the last quarter.
In the first three quarters of 2025, the company's sales increased by 13% to $4.393 billion. Net profit in the first nine months increased by about 74% to about $416 million, and its order backlog reached a historic high of $25 billion, thanks in part to orders worth billions from the Ministry of Defence.
The long range ballistic missiles made by the compamy are likely to be ''modified'' so that they can be used in any future confrontation with Iran and its proxies like the Houthi rebels in Yemen.
According to Missile Threat website, the Jericho -3 missile is reportedly equipped with a 750 kg nuclear warhead with a yield between 150 and 400 kT. '' It is suspected that there are decoys included in the payload and several independently targeted RVs (if equipped with the smaller nuclear yield). It has a range of 4,800 to 6,500 km and uses inertial guidance with a radar guided warhead.''
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