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Israel approves $119B plan to buy new fighter jets from Lockheed Martin and Boeing.

Market News
03 May 2026
Benzinga Staff Writer
Bullish
pluang ai news

Israel's defense ministry approved a $119 billion program to purchase new fighter squadrons, including a fourth F-35 squadron from Lockheed Martin and an additional squadron of Boeing's F-15IA jets. This move is part of a broader military modernization effort to maintain air dominance amid a tougher security environment expected over the next decade. The decision highlights the importance of the U.S.-Israel strategic partnership and aims to secure Israel's military edge well into the future. Next steps involve finalizing arrangements with the U.S. government and military.

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