Boeing has renewed its work agreement with Israel Aerospace Industries (IAI) on the arrow weapon system, and enhanced the IAI-Boeing strategic teaming agreement to explore and develop new opportunities in the missile defence arena.

“The Arrow programme demonstrates Boeing’s commitment to developing international missile defence partnerships around the globe,” said Boeing Network & Space Systems President Roger Krone. “We are pleased to mark this 10-year milestone by expanding our cooperation on missile defense initiatives with our partner IAI.”

“This new agreement is the next logical step in our relationship with Boeing and a strong opportunity for both companies to play a bigger role in the missile defence market. It is based on a strong foundation of successful cooperation,” said Itzhak Nissan, IAI President and CEO.

“Boeing’s relationship with IAI has produced an innovative, versatile and affordable advanced missile defence capability. We look forward to our continued partnership and development of the next generation of Arrow interceptor,” said Greg Hyslop, Vice President and General Manager of Boeing Strategic Missile and Defense Systems.