As part of the deal, the Marine Corps will purchase 44 Iron Dome launchers and 1,840 Tamir interceptors.
The Defense Ministry notes that geopolitical changes occurring in Europe and Asia have generated significant demand for Israel's cutting-edge systems.
Russia, China, and Iran have all made various claims about possessing or working on developing such advanced missiles.
The announced deal comes shortly after a similar deal for Israel to provide Finland with the David's Sling air defense system.
This is the story of 10 groundbreaking companies and their leaders, a minyan (10 entities) that built Israel’s wealth, from Iscar to Mobileye.
IAI announced the start of a training program promoting women to CEO positions in the state defense industries.
State Comptroller Matanyahu Englman encouraged the defense companies to improve the integration of minority populations.
RAFAEL said its "new office will enable the company to explore opportunities in the region, utilizing its culture of collaboration and innovation to create relationships with governments."
The Sky Spotter system uses sensitive optical sensors which can detect small targets or aircraft using radar countermeasures.
Rafael and its customers researched and analyzed the lessons learned from recent and ongoing armed conflicts involving extensive use of tactical ballistic missiles.