No Result
View All Result
  • Login
Monday, May 18, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Gov’t allocates NIS 2b to combat Hezbollah drones

by FeeOnlyNews.com
6 hours ago
in Business
Reading Time: 3 mins read
A A
0
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

Detroit blinked on EVs, but the Iran war has handed Chinese automakers the opportunity of a lifetime

Next Post

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Related Posts

Amazon faces class action over tariff cost claims

Amazon faces class action over tariff cost claims

by FeeOnlyNews.com
May 18, 2026
0

US consumers have launched a proposed class action against Amazon in federal court in Seattle, claiming the retailer unlawfully passed...

Market moves driven more by psychology than fundamentals: Samir Arora

Market moves driven more by psychology than fundamentals: Samir Arora

by FeeOnlyNews.com
May 18, 2026
0

Indian equity markets continue to move between global uncertainty and domestic earnings strength, with foreign flows, crude oil volatility, and...

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

by FeeOnlyNews.com
May 18, 2026
0

On Saturday, May 17, Incumbent Senator Bill Cassidy of Louisiana failed to progress in the state’s Republican primary. After two...

Detroit blinked on EVs, but the Iran war has handed Chinese automakers the opportunity of a lifetime

Detroit blinked on EVs, but the Iran war has handed Chinese automakers the opportunity of a lifetime

by FeeOnlyNews.com
May 18, 2026
0

Just as American automakers started pulling back on EVs, the Iran war has sent gas prices skyrocketing, opening up a...

Physicswallah IPO lock-in expiry: Rs 2,949 crore worth of shares to free up for trade today. Do you own?

Physicswallah IPO lock-in expiry: Rs 2,949 crore worth of shares to free up for trade today. Do you own?

by FeeOnlyNews.com
May 17, 2026
0

The shares of edtech platform Physicswallah will remain in focus on Monday as nearly 26 crore shares worth around Rs...

Markets jittery as oil crisis bleeds into debt selloff, while Trump weighs military options on Iran

Markets jittery as oil crisis bleeds into debt selloff, while Trump weighs military options on Iran

by FeeOnlyNews.com
May 17, 2026
0

Stock futures dipped Sunday as investors were forced to confront the inconvenient reality that the Strait of Hormuz remains closed...

Next Post
Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Market moves driven more by psychology than fundamentals: Samir Arora

Market moves driven more by psychology than fundamentals: Samir Arora

  • Trending
  • Comments
  • Latest
The New Medicare Coding Change Confusing Pharmacies Across Multiple States

The New Medicare Coding Change Confusing Pharmacies Across Multiple States

May 11, 2026
10 States Offering Free or Low‑Cost College Courses for Residents Over 60

10 States Offering Free or Low‑Cost College Courses for Residents Over 60

May 13, 2026
Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

April 6, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins

Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins

May 17, 2026
XRP Ledger’s 121% RWA Surge Is Leaving Solana And BNB Chain Behind — Here’s The Data

XRP Ledger’s 121% RWA Surge Is Leaving Solana And BNB Chain Behind — Here’s The Data

0
Elder Law Attorneys Warn of Estate Planning Mistakes That Trigger Medicaid Penalties — Avoid These 5 Errors

Elder Law Attorneys Warn of Estate Planning Mistakes That Trigger Medicaid Penalties — Avoid These 5 Errors

0
Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

0
Gov’t allocates NIS 2b to combat Hezbollah drones

Gov’t allocates NIS 2b to combat Hezbollah drones

0
Egalitarianism and Value-Free Economics | Mises Institute

Egalitarianism and Value-Free Economics | Mises Institute

0
AI-related layoffs a boost for stocks? Not necessarily

AI-related layoffs a boost for stocks? Not necessarily

0
XRP Ledger’s 121% RWA Surge Is Leaving Solana And BNB Chain Behind — Here’s The Data

XRP Ledger’s 121% RWA Surge Is Leaving Solana And BNB Chain Behind — Here’s The Data

May 18, 2026
Amazon faces class action over tariff cost claims

Amazon faces class action over tariff cost claims

May 18, 2026
Raoul Pal: The US-China AI Race 2026 Is a War No One Can Win

Raoul Pal: The US-China AI Race 2026 Is a War No One Can Win

May 18, 2026
Market moves driven more by psychology than fundamentals: Samir Arora

Market moves driven more by psychology than fundamentals: Samir Arora

May 18, 2026
Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

Bill Cassidy’s Primary Defeat: Tangle With Trump at Your Own Peril

May 18, 2026
Gov’t allocates NIS 2b to combat Hezbollah drones

Gov’t allocates NIS 2b to combat Hezbollah drones

May 18, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Ledger’s 121% RWA Surge Is Leaving Solana And BNB Chain Behind — Here’s The Data
  • Amazon faces class action over tariff cost claims
  • Raoul Pal: The US-China AI Race 2026 Is a War No One Can Win
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

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
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.