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<\/a><\/p>\nIsrael is near completion of the Arrow-3 anti-ballistic missile shield and plans to test it toward the end of the year. The Arrow 3 is the third in a family anti-ballistic missile systems developed in Israel with funding from the U.S. in coordination with Boeing.<\/p>\n
Once completed, the system will be reportedly used against potential Iranian missile attacks. Fifty-percent of the production of the Arrow 3 is contributed by Boeing. The U.S. has so far contributed $160 million to the Arrow 3 and plans to continue its funding. The U.S. Missile Defense agency recently requested Congress to approve an allocation of $120 million in next year\u2019s budget for U.S.-Israeli missile defense efforts.<\/p>\n
The news agency, Reuters, reported that that Boeing is considering marketing the Arrow 3 to developing countries like South Korea. In an interview with the news agency, Dennis Mullenburg, chief executive of Boeing\u2019s defense, space and security division, described a lucrative future based on Arrow 3 sales:<\/p>\n
\u201cAs we prove out that technology, and show that it\u2019s not only affordable but effective, we think there will be additional global market opportunities for that capability.\u201d<\/p>\n