Israel’s Defense Ministry described the need to produce its own heavy munitions as a key lesson of the war in Gaza.

Israel's Defence Ministry said on Tuesday it had signed deals worth around $275 million with the country's largest domestic private arms maker Elbit to make heavy bombs and raw materials needed for defence,

Israel's Defense Ministry has signed two major agreements with Elbit Systems (NASDAQ:ESLT) to supply the Israeli Air Force with thousands of heavy air munitions. The deals, which are estimated to be worth NIS 1B ($276M),