Boeing Receives Contract to Build Components for U.S.-Israeli Arrow Missile Interceptor

U.S. defense contractor Boeing announced yesterday that it received a $78 million contract by Israel Aircraft Industries to produce components for the Arrow 2 missile interceptor being developed by Israel and the United States, according to the Jerusalem Post (see GSN, April 27).

The contract is set to run through 2006, with options for additional production through 2008, according to the Post. If all options are exercised, the total value of the contract could total more than $225 million, Boeing executives said (Tal Muscal, Jerusalem Post, April 29).

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