Israel Approves $119B Military Plan, Adds Boeing F-15IA Squadron
Israel approved a $119 billion military modernization program that includes a new Boeing F-15IA squadron alongside a fourth F-35 squadron from Lockheed Martin. The deal, framed as a decade-long force expansion, follows Defense Minister Katz’s directive to maintain air dominance after recent Iran conflicts.
1. Deal Approval and Scope
Israel's defense ministry approved a $119 billion military modernization program that buys a fourth F-35 squadron from Lockheed Martin and adds an additional Boeing F-15IA squadron under a decade-long force expansion plan.
2. Boeing F-15IA Squadron Details
Boeing’s contract covers acquisition of an F-15IA squadron along with integrated support systems, pilot training services and spare parts provisioning, boosting Boeing Defense's order backlog without disclosing exact unit counts or financial breakdowns.
3. Strategic and Financial Implications
Defense Minister Israel Katz cited lessons from recent Iran conflicts as catalysts for the procurement, aiming to sustain regional air dominance, strengthen long-term US contractor partnerships and drive significant defense revenue over the next decade.