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NEWS and REPORTS => World News => Topic started by: NewsCaster on Nov 22, 2012, 10:30 PM

Title: Israel's Iron Dome shield cost up to $30 million
Post by: NewsCaster on Nov 22, 2012, 10:30 PM
By Reuters(http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/121122-irondome-8a.photoblog600.jpg)Darren Whiteside / ReutersAn ultra-Orthodox Jewish man watches as a truck transports Iron Dome anti-missiles batteries in the southern city of Ashdod,  November 17. JERUSALEM - Israel's Iron Dome interceptions of rockets fired from Gaza during eight days of Gaza fighting cost $25 million to $30 million, the government said on Thursday, arguing the U.S.-backed system was well worth the money.

"Were Iron Dome traded on the (Tel Aviv) stock exchange or Nasdaq, it would have multiplied its share value several times over," Civil Defense Minister Avi Dichter told Israel Radio in an interview where he outlined the system's outlay.

Using radar-guided interceptor missiles, Israel's five truck-towed Iron Dome batteries shot down 421 of some 1,500 rockets launched from the Gaza Strip between November 14 and Wednesday's Egyptian-brokered truce, the military said.

NBCNews