Israel’s Iron Dome Cost $25–$30M

    Israeli soldiers take cover as an Israeli missile is launched from the Iron Dome defence missile system, designed to intercept and destroy incoming short-range rockets and artillery shells, in the southern Israeli city of Ashdod in response to a rocket launched from the nearby Palestinian Gaza Strip on November 18, 2012. Sirens sounded across Tel Aviv for a fourth straight day, AFP correspondents said, as Israeli police confirmed two rockets had been intercepted over the city by the Iron Dome defence system. AFP PHOTO / JACK GUEZ        (Photo credit should read JACK GUEZ/AFP/Getty Images)

    Jack Guez, AFP / Getty Images

    Israel’s Iron Dome system, which intercepts Palestinian rockets, cost between $25 million and $30 million during the eight days of fighting, the Israeli government said Thursday. The five truck–towed Iron Dome batteries shot down 421 of the 1,500 rockets launched from the Gaza Strip from Nov. 14–21. The Israeli military said the Iron Dome had a success rate of 90 percent, because the system only goes after rockets that threaten populated areas. Israel’s civil defense minister said, “Were the Iron Dome traded on the [Tel Aviv] stock exchange or Nasdaq, it would have multiplied its share value several times over.”

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