# The procurement committee's approval supports a $119 billion program.

*aerospace · news · 2026-05-03 · Benzinga*

## Key points

- Israel approved a $119 billion military modernization program focusing on air power upgrades.
- The plan includes purchasing a fourth F-35 squadron and an additional F-15IA squadron.
- Israel aims to integrate autonomous flight and space-related military capabilities in future upgrades.
- Final procurement arrangements will be negotiated with the U.S. government and military partners.

**Companies:** Lockheed Martin, Boeing
**Countries:** Israel, United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52238349/israel-greenlights-plan-to-buy-new-fighter-squadrons-from-lockheed-martin-boeing)

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