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US Congress to Transfer $600 Million to Israel


TEL AVIV, December 24, 2005 (WAFA) - The Israeli Daily Haaretz said Saturday that the United States Congress approved transfering of $600 million in aid to Israel for funding joint security projects.

According to the daily,$600 million, $133 million will be used to develop the "Arrow" missile program, a collaborative project between Israel Aircraft Industries and Boeing.

It added that some $10 million will be invested in developing a missile capable of intercepting short-range missiles.

M.H. (12:32 P) (10:32 GMT)

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