No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, July 3, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Gov’t allocates NIS 2b to combat Hezbollah drones

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
Gov’t allocates NIS 2b to combat Hezbollah drones
Share on FacebookShare on TwitterShare on LInkedIn


The threat of Hezbollah’s fiber-optic drones has claimed the lives of three soldiers and a civilian over the past month, and injured many more fighters, and the IDF has admitted that there is no comprehensive solution to the problem. Just last week, Prime Minister Benjamin Netanyahu chaired a discussion on the subject, in which it was decided to allocate NIS 2 billion from the Defense Ministry’s budget for efforts to find solutions, “Globes” has learned.

The fiber-optic drones are almost completely immune to communications jamming and advanced electronic warfare means, which makes them a lethal weapon for which there is no effective answer, and not only in Lebanon – the army in Ukraine faces a similar threat.

The length of the drone’s optical fiber ranges from 10 to 20 kilometers on average and allows commands to be transmitted between the operator and the drone, which is why it flies at a higher speed than a drone based on wireless communication. These drones are also much cheaper. A “Globes” investigation found that such a drone costs only about $300 on Chinese website AliExpress.

Hezbollah’s extensive use of these droners has put Israel’s security forces under great pressure to find a quick fix to the problem, but a solution does not yet exist. Thus, dozens of solutions are being tested simultaneously by different units. The IDF announced at the end of last week that it would equip its combat units with wire mesh, and these were distributed to the forces, to covering 158,000 square meters, and at the same time an additional purchase of about 188,000 square meters was made. The hope there is that in addition to the physical obstacle, technological capabilities and interception means will be able to disrupt the lethality of the drones.

Attempt to develop systems that will reduce lethality

During the discussion held with the prime minister last week, it became clear once again that there is no holistic solution, and the approach of the Ministry of Defense is to try to develop and acquire a variety of systems that can together reduce lethality. However, due to differences between the Ministry of Defense and Ministry of Finance over the defense budget, which has already reached NIS 143 billion this year, and the Ministry of Finance fears that it will be breached, Netanyahu decided to allocate NIS 2 billion from the approved Ministry of Defense budget, to expedite development and acquisition of such systems.





RELATED ARTICLES




Ondas Israel unit to protect World Cup venues from drones


Elbit drones to undergo Canadian trials – report


IDF to issue tender for 12,000 Israeli-made assault drones


Lowental Hybrid engines to extend missions of Elbit drones






The budgetary source, it emerged comes from a small NIS 4 billion fund set up and reserved in the Ministry of Defense budget for the Prime Minister’s prioritization, and the NIS 2 billion that will now be diverted comes in part from this fund.

However, budgetary allocations are one thing, reality is another. As long ago as 2017, the drone threat was defined as critical. In response to an inquiry by the State Comptroller’s inquiry back then, Netanyahu told the media that “the issue of drones is recognized and being addressed, and the State of Israel is one of the pioneers in the world in providing a response to the problem.”

The same statement also noted that the Netanyahu held a discussion on the issue in May 2017, and in June a cabinet meeting was held – in addition to professional discussions within the framework of the National Security Council. “The Prime Minister instructed the National Security Council, together with the Ministry of Defense and the Ministry of Public Security, to promote national preparedness for the issue of drones. Netanyahu has already contacted other countries that are facing the same problem,” a statement said.

The cabinet assigned the responsibility for finding solutions to the Ministry of Defense, along with establishing a new unit in the Magan administration. In 2021, the Comptroller showed how the terrorist organizations Hamas and Islamic Jihad in Gaza, as well as Hezbollah in Lebanon and Iran, had equipped themselves with drones, but with the exception of Ben Gurion Airport, the government’s preparations yielded no solutions.

In 2017, the last time the Israeli government recognized the threat of drones, NIS 150 million was allocated to the project. Due to a dispute, work was frozen for six months, and the budget shrank, according to the State Comptroller, to NIS 80 million, after the police and Shin Bet withdrew from the project. This time, it is hoped that not only will the entire budget be used, but that there will also be one body managing it – a body with teeth.

Published by Globes, Israel business news – en.globes.co.il – on May 18, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: AllocatescombatDronesGovtHezbollahNIS
ShareTweetShare
Previous Post

Fidelity National Information Services (FIS) Supply Chain Finance Platform Selected by Glencore for $2.55B Program

Next Post

President Trump interview: An hour in the Oval Office with the CEO-in-Chief

Related Posts

edit post
Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

by TheAdviserMagazine
July 3, 2026
0

The first time former Secretary of State Condoleezza Rice encountered Kevin Warsh was in the 1980s when she was an...

edit post
Court Hands Democrats Another Win Against Trump on Vote by Mail

Court Hands Democrats Another Win Against Trump on Vote by Mail

by TheAdviserMagazine
July 3, 2026
0

President Donald Trump wants to halt vote-by-mail in states that refuse to turn over voter data to the administration. But...

edit post
Sensex surges 650 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally

Sensex surges 650 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally

by TheAdviserMagazine
July 2, 2026
0

The Indian stock market extended sharp gains on Friday, with Sensex and Nifty rising more than 0.8% each on the...

edit post
US stocks today: Nasdaq ends lower with tech slip; investors assess softer jobs data

US stocks today: Nasdaq ends lower with tech slip; investors assess softer jobs data

by TheAdviserMagazine
July 2, 2026
0

The ​Nasdaq ended lower on Thursday as technology shares fell, while a softer-than-expected U.S. jobs report eased worries that the...

edit post
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter

Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter

by TheAdviserMagazine
July 2, 2026
0

Investor Michael Burry of “The Big Short” fame has a new short target in his sights: Caterpillar, the heavy-machinery giant...

edit post
AI could shave .2 trillion off the deficit, but 5 downsides could bring debt roaring back

AI could shave $2.2 trillion off the deficit, but 5 downsides could bring debt roaring back

by TheAdviserMagazine
July 2, 2026
0

AI could shave $2.2 trillion off the U.S. deficit by 2036. But according to a new working paper from economists...

Next Post
edit post
President Trump interview: An hour in the Oval Office with the CEO-in-Chief

President Trump interview: An hour in the Oval Office with the CEO-in-Chief

edit post
Tariff Refunds Are Coming – But What About the Economy?

Tariff Refunds Are Coming – But What About the Economy?

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

June 20, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

June 15, 2026
edit post
Accenture Jumps 5.4% After TD Cowen Maintains Hold

Accenture Jumps 5.4% After TD Cowen Maintains Hold

0
edit post
Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

0
edit post
This Fort Lauderdale Hotel Is All About The City, Not the Beach

This Fort Lauderdale Hotel Is All About The City, Not the Beach

0
edit post
Roughly one in eight American adults is now on a GLP-1 drug like Ozempic — a class that grew out of a hormone one Bronx doctor found in Gila monster venom, then patented himself after his own employer passed on it

Roughly one in eight American adults is now on a GLP-1 drug like Ozempic — a class that grew out of a hormone one Bronx doctor found in Gila monster venom, then patented himself after his own employer passed on it

0
edit post
Affordable Healthcare Emerges as a Voter Priority in Purple Nevada

Affordable Healthcare Emerges as a Voter Priority in Purple Nevada

0
edit post
High-profile lawyer convicted of indecent assault of Amtrak employee

High-profile lawyer convicted of indecent assault of Amtrak employee

0
edit post
Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

July 3, 2026
edit post
Court Hands Democrats Another Win Against Trump on Vote by Mail

Court Hands Democrats Another Win Against Trump on Vote by Mail

July 3, 2026
edit post
Roughly one in eight American adults is now on a GLP-1 drug like Ozempic — a class that grew out of a hormone one Bronx doctor found in Gila monster venom, then patented himself after his own employer passed on it

Roughly one in eight American adults is now on a GLP-1 drug like Ozempic — a class that grew out of a hormone one Bronx doctor found in Gila monster venom, then patented himself after his own employer passed on it

July 3, 2026
edit post
Sui Testnet Update v1.74.1 Slashes Transaction Gas Costs Via Protocol Version 128

Sui Testnet Update v1.74.1 Slashes Transaction Gas Costs Via Protocol Version 128

July 3, 2026
edit post
Sensex surges 650 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally

Sensex surges 650 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally

July 2, 2026
edit post
Bitget Expands Stock+ Suite With US Stock Options Trading

Bitget Expands Stock+ Suite With US Stock Options Trading

July 2, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn
  • Court Hands Democrats Another Win Against Trump on Vote by Mail
  • Roughly one in eight American adults is now on a GLP-1 drug like Ozempic — a class that grew out of a hormone one Bronx doctor found in Gila monster venom, then patented himself after his own employer passed on it
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.