Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

Israel Approves F-35, F-15IA Squadrons Deal

Published 3 May 2026

Israel's Ministerial Committee on Procurement has approved a multibillion-dollar deal to acquire two new combat squadrons of advanced fighter aircraft, including a fourth squadron of F-35 jets from Lockheed Martin and a second squadron of F-15IA jets from Boeing. The agreement, announced Sunday, forms the initial phase of a 350 billion shekel ($119 billion) program to enhance the Israel Defense Forces' capabilities over the next decade.

Defense Ministry Director General Amir Baram described the purchase as essential for long-term readiness. "Alongside immediate wartime procurement needs, we have a responsibility to act now to secure the IDF's military edge 10 years from now and beyond," Baram said. He noted that the recent conflict with Iran underscored the importance of the U.S.-Israel strategic partnership and advanced air power.

The deal builds on a December contract with Boeing valued at $8.6 billion for 25 F-15IA aircraft, with an option for 25 more. Deliveries of the new jets are expected to begin in 2026 and continue into the mid-2030s. These squadrons will integrate with support systems, spare parts, and logistics, replacing aging fleets and expanding Israel's current...

Now playing
0:00 / 0:00