Israeli Companies Accrued $1 Billion From F-35 Deals

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The Israeli Defense Ministry reported Sunday that 2016 was a banner year for F-35 partners.

Contracts tied to production of the F-35 shot up 33 percent last year for a total of $258 million in new deals for Israeli companies.

Since Israel inked a deal to buy 19 F-35 fighters in 2010, Israeli firms have won more than $1 billion in 'buy-back contracts.

"The scope of industrial cooperation between and Israeli industry, in just the last year, shows the immense potential inherent in this arrangement for the Israeli economy," Col.

Like the F-35 project as a whole, the F-35 helmets have faced their share of struggles.

Guido Crosetto, head of Italy's aerospace and defense industry association said Washington has not "Honored promises" made when Italy joined the list of US allies to buy the F-35s. Back in 2002, Italy was told that it would receive contracts for maintenance work worth 65 percent of the $1 billion Rome invested to buy 90 joint strike fighters, Italian media outlets reported.

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