Israel set to transfer one billion shekels to Defense Ministry for 'urgent, classified procurement'

Israel's Finance and Defense Ministries are set to submit a resolution for an additional NIS 1 billion transfer to the Defense Ministry for urgent, classified procurement. The Ministerial Committee for Defense Procurement approved the transfer on Friday. Most of the funds, NIS 850 million, will come from a 2026 technology investment budget, with the rest from unallocated reserves. A legal opinion supports the move despite the election period.

Israel's Finance and Defense Ministries are set to submit a resolution for an additional NIS 1 billion transfer to the Defense Ministry for urgent, classified procurement. The Ministerial Committee for Defense Procurement approved the transfer on Friday. Most of the funds, NIS 850 million, will come from a 2026 technology investment budget, with the rest from unallocated reserves. A legal opinion supports the move despite the election period.

Israel set to transfer one billion shekels to Defense Ministry for 'urgent, classified procurement'