Israel conducts Arrow missile defense system trial

Arrow 3
Arrow 3

The trial of the system designed to protect Israel from long-range threats such as Iran was deemed successful.

Israel's Ministry of Defense has conducted the third trial of the Arrow long range ballistic missile defense system together with the US Missile Defense Agency (MDA). After examining the results of the trial, the system's engineers deemed it a success with the target missile destroyed hundreds of kilometers above the ground.

This is the Arrow 3 system's third trial to date. The last trial did not succeed due to a problem in the target missile rather than the Arrow 3 system itself.

The Israeli industries involved in development of the weapons system: Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) unit Elta Systems, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), and Elisra Group. Rafael Advanced Defense Systems Ltd. developed the target missile. US company Boeing is also involved in production of the missiles.

The test was part of devising an aerial defense for Israel against ballistic missiles, such as Iran's Shahav missile, which can be destroyed in space, and before re-entering the atmosphere. The Arrow system is a key element in Israel's multi-layered defense system.

Multi-layered defense

Israel's aerial defense system has four layers: Iron Dome, which intercepts medium-range rockets; Magic Wand (David's Sling), currently in development, which is designed to provide a solution for short-range rockets; Arrow 2, which has already been operational for a decade; and Arrow 3, which is still undergoing tests.

Interception tests of Arrow 3 are expected in the near future, in the hope that the tests will succeed and Arrow 3 will provide the final element in Israel's aerial defense system. When all the developments are completed, Israel should be better protected against missiles than any other country in the world.

Two months ago Defense Minister Moshe Ya'alon met with his US counterpart Ash Carter to discuss US funding of the system's development from 2017 after the current US military aid package to Israel is renewed.

Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft  credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018