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.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2150424, ~/Articles/ArticleHandler.aspx, 11/26/2014 11:36:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement