JERUSALEM—Israel gave final approval for a plan to purchase two new combat squadrons of F-35 and F-15IA advanced fighter aircraft from Lockheed Martin and Boeing in a deal worth tens of billions of dollars, the defence ministry said on Sunday.
The deal, approved by Israel’s Ministerial Committee on Procurement, is a first step in a 350 billion shekel ($119 billion) plan to bolster Israel’s military and “strengthen readiness ahead of a demanding decade for Israeli security,” it said.
Prime Minister Benjamin Netanyahu said much of this expanded defence budget will be to produce munitions in Israel and not be dependent on foreign countries. Israel, he noted, will also develop “groundbreaking” aircraft….