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Boeing Secures $500M Israeli Defense Deal Amid Market Indifference
Boeing Secures $500M Israeli Defense Deal Amid Market Indifference
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BTCCSquare news:
Boeing's $500 million sale of KC-46 aerial refueling tankers to Israel failed to buoy its stock, with shares dipping slightly during Wednesday trading. The deal, funded through U.S. military aid, will expand Israel's fleet to six tankers—bolstering long-range capabilities proven critical during 2021's 12-day conflict with Iran.
Defense Director General Amir Baram emphasized the strategic value of these aircraft for extended missions. Meanwhile, Boeing's commercial aviation segment shows signs of recovery as Airbus faces production delays, potentially redirecting airline orders to the American aerospace giant.
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