$1M per missile: Watch Magic Wand test
If development goes ahead as planned, air defense system will be able to intercept any object launched from a distance of at least 70 kilometers
The Defense Ministry published on Tuesday a video showing the successful test of the Magic Wand missile interceptor system, which was recently conducted in the Negev.
The system is being developed for the Defense Ministry by Israel's Rafael Advanced Defense Systems and the US's Raytheon Co. Israel is counting on the system to become the centerpiece of its air defense layout and provide a solution for a variety of short-range ballistic missiles, large caliber rockets and cruise missiles.
If development goes ahead as planned, the system will be able to intercept any object launched from a distance of at least 70 kilometers.
The interceptor missile, which is based on the most cutting edge technology in air defense, is estimated to cost $1 million.
On Sunday, Defense Minister Ehud Barak congratulated the Israeli engineers working on the system.
"The great success of the Iron Dome batteries during Operation Pillar of Defense proves beyond a shadow of a doubt the tremendous importance of anti-missile systems," Barak said.
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