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IMMEDIATE RELEASE

Release No: 292-00
May 26, 2000

PROPOSED FOREIGN MILITARY SALE TO ISRAEL ANNOUNCED

The Government of Israel has requested a possible sale of 241,000 M107 high explosive 155mm projectiles and publications. The estimated cost is $62 million.

This proposed sale will contribute to the foreign policy and national security of the United States by helping to improve the security of a friendly country which has been and continues to be an important force for political stability and economic progress in the Middle East.

The proposed purchase of the projectiles is required to maintain projected sustainment rates and reserve levels. Israel, which already has projectiles in its inventory, will have no difficulty absorbing these additional projectiles.

The proposed sale of this equipment and support will not affect the basic military balance in the region.

The prime contractor will be American Ordnance of Middletown, Iowa. There are no offset agreements proposed in connection with this potential sale.

Implementation of this proposed sale will not require the assignment of any additional U.S. government or contractor representatives to Israel.

There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.

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