No Result
View All Result
  • Login
Monday, August 3, 2026
theadvisertimes.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
theadvisertimes.com
No Result
View All Result
Home Business

Gov’t allocates NIS 2b to combat Hezbollah drones

by theadvisertimes.com
3 months 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

Bitcoin Price Extends Decline, Downside Pressure Builds Aggressively

Next Post

Trump’s China Summit: More Isolation and Economic Erosion Ahead for Iran

Related Posts

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

by theadvisertimes.com
August 3, 2026
0

Palantir blew past Wall Street’s financial targets in its second quarter and forecast strong growth in the coming months, sending...

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

by theadvisertimes.com
August 3, 2026
0

Quick Read Needham's Scott Berg carries a $400 price target on CRM, implying 117% upside, anchored by Agentforce ARR growing...

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

by theadvisertimes.com
August 3, 2026
0

Kansai Nerolac Paints reported a more than 5% rise in consolidated net profit for the June quarter, aided by healthy...

Former Mossad chief appointed Ondas president

Former Mossad chief appointed Ondas president

by theadvisertimes.com
August 3, 2026
0

US company Ondas (Nasdaq: ONDS) today announced that David Barnea, the former head of Israel’s Mossad intelligence agency has...

Liberty Lifestyle: Youth Sports Burnout

Liberty Lifestyle: Youth Sports Burnout

by theadvisertimes.com
August 3, 2026
0

Organized sports are a major part of childhood in the United States, attracting tens of millions of children annually. Over...

Visa buys Israeli fraud prevention co BioCatch for .4b

Visa buys Israeli fraud prevention co BioCatch for $2.4b

by theadvisertimes.com
August 3, 2026
0

Visa today announced it has signed a definitive agreement to acquire Israeli digital fraud and financial crime protection company...

Next Post
Trump’s China Summit: More Isolation and Economic Erosion Ahead for Iran

Trump’s China Summit: More Isolation and Economic Erosion Ahead for Iran

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

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

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

June 30, 2026
Cheap Media Voyeurism Feeds Surveillance Culture Tyranny

Cheap Media Voyeurism Feeds Surveillance Culture Tyranny

0
California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

0
Backpack Exchange Lists TRX Spot And Perpetual Markets

Backpack Exchange Lists TRX Spot And Perpetual Markets

0
The 7 Largest NYC Tech Startup Funding Rounds of July 2026 – AlleyWatch

The 7 Largest NYC Tech Startup Funding Rounds of July 2026 – AlleyWatch

0
channel partner incentive programs

channel partner incentive programs

0
Visa buys Israeli fraud prevention co BioCatch for .4b

Visa buys Israeli fraud prevention co BioCatch for $2.4b

0
Market Talk – August 3, 2026

Market Talk – August 3, 2026

August 3, 2026
5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

August 3, 2026
As PE crowds out RIA buyers, here’s what sellers need to know

As PE crowds out RIA buyers, here’s what sellers need to know

August 3, 2026
Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

August 3, 2026
Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

August 3, 2026
California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

August 3, 2026
theadvisertimes.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

  • Market Talk – August 3, 2026
  • 5 Home-Energy Assistance Documents Seniors May Need Before Applications Open
  • As PE crowds out RIA buyers, here’s what sellers need to know
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact 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
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

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