The United States and Israel signed an agreement last week to “continue support of  the production of the Iron Dome weapon system,” according to a statement over  the weekend from the Missile Defense Agency of the US Department of Defense.
“The Iron Dome system is capable of intercepting and destroying short-range  rockets, and mortar and artillery shells, and is an invaluable component of  Israeli missile defense,” the statement reads. “During Operation Pillar of  Defense in 2012, Iron Dome was credited with saving countless Israeli lives, and  was called a ‘game-changer’ by many Israeli policy-makers.”
The agreement, concluded last Wednesday, “ensures continued US funding for  procurement of Iron Dome systems and interceptors, and provides for significant  co-production opportunities for US industry. Under the terms of the agreement,  $429 million will be transferred immediately to Israel to support Iron Dome  procurement.”
The statement cites the “strategic value” of the  agreement for both Israel and the US. “Israel will obtain valuable resources to  contribute to its defense and US industry will receive meaningful co-production  opportunities for Iron Dome components,” it reads.
US funding for joint US-Israeli missile defense  programs came under scrutiny last week amid reports that US President Barack Obama’s budget for fiscal  year 2015 gutted funding for the US-Israel missile defense partnership.
But the funding for missile defense was intact, Jewish groups said last Thursday, adding that it was the  responsibility of Congress, not the White House, to bring funding up to previous  years’ levels.
In the presidential budget proposal submitted for  fiscal year 2014, the amount requested for missile defense projects, including  the Arrow programs, was $95 million, while this year, the president requested  that Congress approve $96.8 million for the same budget item.
An AIPAC source told The Times of Israel that the 2015  budget request is consistent with previous budget submissions and that the  organization would work with Congress as the process moves forward to ensure  that funding levels continue to support American-Israeli missile defense  programs.
In previous years, including 2014, Congress added  additional funds beyond those requested by the president.
In 2014, Congress hiked up funding to over $268  million, and one legislative analyst said that this year’s final number would be  higher than that.
Unlike the Arrow and David’s Sling programs, Iron Dome  is not a joint US-Israeli program, but an Israeli-developed system whose US  parts procurement is funded by the American government.