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Business/Financial

Arrow Shoots Down Target Missile In Israeli Missile Defense System Test, Raising Hopes U.S. Funding Continues

DDN

Monday, May 4th, 2009

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An Arrow II missile defense interceptor shot down a target ballistic missile in a test of the Israeli national missile defense system, making Israeli officials hopeful the successful hit will persuade the U.S. Congress to continue funding for the joint Israeli-U.S. missile defense system, according to Haaretz, the Israeli news organization. Congress may, however, decide to slash funding for some U.S. missile defense systems. The Boeing Co. [BA] works with Israel Aerospace Industries to produce the Arrow II. That April…

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