TheCompany has received a contract award from Israel’s Ltd. valued at $149.3 million, to provide components for the Tamir interceptor used in the defensive Weapon System. The amount represents about two thirds of the special funding of $225 allocated by the US administration to replenish Israel’s arsenal of interceptors, following Operation “Protective Edge” where Iron Dome systems intercepted over 735 rockets fired at Israel.
The award builds upon a co-marketing agreement the two companies have had in place for Iron Dome since 2011. “The partnership between the Missile Defense Agency and the Israeli Missile Defense Organization has been extraordinary,” said DiDi Yaari, chief executive officer of. “We’re very appreciative of the U.S.’s support for this life-saving system. Maintaining Iron Dome’s supply gives Israelis great peace of mind.”
“Iron Dome has proven itself time and again by protecting Israel’s population from incoming rockets, artillery and mortars,” said Dr. Taylor W. Lawrence,Missile Systems president. “The sourcing of Tamir interceptor components in the U.S. will go a long way to ensuring sufficient volumes of available Tamir missiles for Israel’s defense.”
With more than 1,000 successful intercepts, Tamir is the only combat proven counter rocket, artillery, and mortar interceptor available for U.S. and coalition partners today.