Lockheed Martin, Boeing to Supply Israel With Fighter Jets After Ministerial Committee Approval

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Lockheed Martin (LMT) and Boeing (BA) will supply Israel with two new fighter squadrons after the country's Ministerial Committee on Procurement approved the acquisition, the Israel Ministry of Defense said Sunday.

The deals include a fourth F-35 squadron from Lockheed Martin and a second F-15IA squadron from Boeing, and covers full fleet integration, sustainment, spare parts and logistics support, the ministry said.

The procurement is part of the country's 350-billion-shekel ($118.65 billion) force buildup plan.

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