Israel to invest $110bn in arms industry

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said Wednesday that the country would invest $110 billion over the next 10 years to develop an independent arms industry. “I approved a total of 350 billion shekels over the coming decade to build an independent arms industry for the State of Israel,” Netanyahu said during a military ceremony at an air base in the country’s south. “We want to reduce our dependence on any party, even on friends.

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