🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Boeing accelerates delivery of munition kits to Israel following attacks

EditorRachael Rajan
Published 18/10/2023, 22:20
© Reuters
BA
-

Boeing (NYSE:BA) Co. is hastening the delivery of approximately 1,800 Joint Attack Direct Munition (JDAM) kits to Israel in the wake of the Hamas attacks on October 7. The JDAM kits, which convert unguided bombs into precision munitions, are part of a $735 million Direct Commercial Sale from 2021. In addition to the JDAM kits, Boeing also expedited a shipment of 1,000 250-pound Small Diameter Bombs on an Israeli aircraft as part of the May 2021 sale.

The Pentagon confirmed these transfers, clarifying that they didn't ship the kits on US military aircraft due to their direct sale nature. These deliveries are distinct from around 12,000 JDAM kits sold to Israel in 2012 and 2015.

The Israeli Air Force reported dropping 6,000 bombs on Hamas targets during the conflict's initial five days. This information was shared via a post on a social media site.

However, this sale has not been without controversy. When initially announced by the Biden administration, it faced opposition due to ongoing Israeli attacks in Gaza. Senator Bernie Sanders and some House members attempted to block it.

Senators may now seek further details from Defense Secretary Lloyd Austin about all munitions transfers to Israel. Meanwhile, a Boeing spokesperson declined to comment on the matter. The deliveries were discussed anonymously as they didn’t involve official Defense Department action.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.