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U.S. Considers $647 Million Munitions Sale to Israel

On Monday, America's Defense Security Cooperation Agency announced [link opens in PDF] that it has petitioned Congress for authorization to sell Israel 6,900 Joint Direct Attack Munitions, colloquially known as "smart bombs."

According to the news release, DSCA is seeking approval of a sale valued at $647 million, including the bombs themselves, plus parts, training, and logistical support. DSCA supported its request by arguing that "the United States is committed to the security of Israel, and it is vital to U.S. national interests to assist Israel to develop and maintain a strong and ready self-defense capability. This proposed sale is consistent with those objectives."

If Congress approves the sale, this would result in new revenues for Boeing (NYSE: BA  ) , which manufactures the majority of the munitions described in the request, but also for companies including Alliant TechSystems (NYSE: ATK  ) , Lockheed Martin (NYSE: LMT  ) , General Dynamics (NYSE: GD  ) , and Raytheon (NYSE: RTN  ) , all of which participate in the munitions' production.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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12/31/1969 7:00 PM
ATK $0.00 Down +0.00 +0.00%
Alliant Techsystem… CAPS Rating: ****
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GD $145.17 Up +1.12 +0.78%
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RTN $105.11 Up +1.49 +1.44%
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