The latest unofficial estimates indicate that Israel spent between $2-3 billion on April 13, 2024, defending itself against a barrage of missile attacks by Iran, well above the official figure of $1.35 billion. Additionally, 9 ballistic missiles are now confirmed to have penetrated Israel's air defense systems. The source is reliable, however, we are unable to independently confirm these claims.
We previously shared video footage that clearly shows at least 4 Iranian ballistic missiles striking targets in and around one of the airbases, believed to be where IAF F-35 fighter jets are stationed.
Some of the Iranian missiles failed to reach their targets, as evidenced by a couple of posts on social media. However, the failure rate is not as high as some Western media outlets have reported.
Why does this matter? It helps gauge Israel's appetite for escalating the war and the depletion rate of its air defenses, providing a better perspective on the state of play. Israel undoubtedly believes that money is no object when it comes to protecting its people.
Our contact also sent us the sticker price list for various interceptor missiles, including the Arrow 3 system used by Israel (see below).
That's right! $62 million apiece, with a successful interception ratio of (supposedly) 99%. There's that number again… 99%. We don't know the precise composition of missiles used by Israel to thwart the attacks. Even if 100 out of 120 ballistic missiles launched by Iran entered Israeli airspace, it wouldn't take many Arrow 3 missile launches to go through the budget.
Clearly, we're in the wrong business! Time to tap into those Israeli Sovereign Bond private deals…
