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Israel To Buy Vulcan-Phalanx Cannon System If Gates Agrees To Provide A Unit; Raytheon System Would Kill Rockets From Gaza Strip

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Israel aims to purchase the Raytheon Co. [RTN] Vulcan-Phalanx close-in air defense systems to kill rockets and mortars launched into Israel by Hamas terrorists in the Gaza Strip, according to reports in Haaretz and the Jerusalem Post. However, because Raytheon has sold all of its near-future production of the projectile-firing Vulcan Phalanx systems, Defense Minister Ehud Barak will ask U.S. Secretary of Defense Robert Gates to sell Israel one of the $25 million systems already in the American arsenal. If…

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