A large part of the funds will go towards the development of the David's Sling system, designed to intercept medium- to long-range rockets and cruise missiles, and the Arrow 2 and 3 systems against long-range ballistic missiles.
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This unprecedented sum comes at an unexpected time, while the American government is dealing with large budget cuts, including at the Pentagon.
Iron Dome (Shaul Golan, Yedioth Ahronoth)
Congress chose to nearly double that amount, approving a budget of $235 million for 2012, amounting to $25 million more than in 2011.
This budget, however, is not considered to be part of the American aid to Israel, but rather, goes towards military cooperation between both countries, with each one allocating a similar amount in developing anti-missile systems.
The US' defense assistance to Israel is estimated at over $3 billion for 10 years, beginning in 2007, two-thirds of which end up in the hands of America's military industries.
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