Congress May Approve Sale of Hundreds of Missiles to Israel

The U.S. Defense Security Cooperation Agency notified Congress Monday of plans to sell the Israeli Air Force $544 million worth of AIM-9X Sidewinder air-to-air missiles, plus associated equipment, parts, training, and logistical support. Raytheon (NYSE: RTN  ) is named as the principal contractor on this deal.

Raytheon's AIM-9X short-range air-to-air missile. Photo: Wikimedia Commons

Specifically, Israel is interested in buying:

  • up to 600 AIM-9X-2 Sidewinder Block II All-Up-Round (i.e., complete except for wings and fins) missiles
  • 50 CATM-9X-2 Captive Air Training Missiles
  • four Dummy Air Training Missiles.

Containers, missile support and test equipment, spare parts, training, and other necessaries will also be included in the arms package

DSCA explained to Congress that "it is vital to U.S. national interests to assist Israel in developing and maintaining a strong and ready self-defense capability." These missiles will be used for "modernizing" Israel's fighter aircraft "to better support its own air defense needs" and also to "enhance Israeli interoperability with the U.S."

DSCA assured Congress that this sale of military equipment "will not alter the basic military balance in the region" and it will not result in any "adverse impact on U.S. defense readiness." 

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Rich Smith

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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9/2/2015 4:04 PM
RTN $103.38 Up +3.34 +3.34%
Raytheon Company CAPS Rating: ****