Boeing to manufacture Arrow missile components for Israel

"Boeing will manufacture about 50 percent of components for Israel's Arrow missile under the terms of an agreement reached with Israel Aircraft Industries on Jan. 20, Defense Week reports," a report by CDI an independent military research organization said.

The report by the Center for Defense Information added that "Congress appropriated $97 million in the FY 2002 defense budget to build a manufacturing line in the United States for the Arrow missiles. Israel has sought to expand the Arrow production capacity to lower the missile's cost and to assure sufficient supply."