The funds for the contract will come from an $8.7 billion US aid package to Israel that was approved by Congress in April 2024. 

Israel inks multi-billion-dollar deal with Rafael to ramp up Iron Dome production

US President Donald Trump announced that Israel and Hamas have agreed to the first phase of a Gaza peace plan, involving a ceasefire and release of all hostages. Reached via indirect talks in Egypt, the deal includes Israeli troop withdrawal and a prisoner exchange, pending final approvals.

Israel-Hamas peace deal: First phase of Trump's Gaza plan to be signed today - What's happening

Earlier on Friday (Oct 3), Hamas gave a favourable response to Trump’s plan, saying that it accepts certain key parts of his 20-point proposal, including ending the war, Israel’s withdrawal from Gaza, and the release of Israeli hostages and Palestinian prisoners.

‘Complete Obliteration!’: Trump’s warning to Hamas if they don’t accept his Gaza peace plan

Israeli Ambassador Reuven Azar praised PM Modi’s support for Trump’s 20-point Gaza peace plan, highlighting India’s potential role in stabilisation, reconstruction, demilitarisation, and promoting long-term regional peace.

Israel welcomes PM Modi's comments on Trump's Gaza Peace plan

In a lengthy post on X, Smotrich said the celebrations over the plan were premature. He described the plan as giving up “real achievements on the ground for political illusions… a diplomatic bear hug and glittering ceremonies.”

‘Resounding diplomatic failure’: Israeli far-right minister says Trump’s Gaza plan ‘will end in tears’

UK has banned Israeli nationals from enrolling in the Royal College of Defence Studies over Israel's Gaza war actions. This is a rare policy shift with major diplomatic and defence implications. Here is why it matters



UK just barred Israelis from enrolling in this prestigious defence college. Why it matters

Israel plans to capture Gaza City, calling up 60,000 reservists as the IDF reaches its outskirts. Amid UN-declared famine and growing protests in Tel Aviv, Netanyahu pushes for hostage negotiations. Hamas condemns the move, while Israel warns of severe consequences

IDF vehicles on border, Palestinians leave: Israel warns Hamas amid Netanyahu's Gaza take over plan, famine declared - What we know

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Israel inks multi-billion-dollar deal with Rafael to ramp up Iron Dome production

Israel-Hamas peace deal: First phase of Trump's Gaza plan to be signed today

‘Complete Obliteration!’: Trump’s warning to Hamas if they don’t accept his plan

Israel welcomes PM Modi's comments on Trump's Gaza Peace plan

‘Resounding diplomatic failure’: Israeli minister slams Trump’s Gaza plan

UK just barred Israelis from enrolling in this prestigious defence college. Why?

IDF vehicles on border, Palestinians leave: Israel takes step to take over Gaza