Defense Minister Shimon Peres has estimated that Israel will have to spend more than IL 100 billion for its defense in the next five years. The money will have to come from Israel’s tax-payers, Peres said on a recent visit to Israel aircraft Industries. His remarks were published today in the company organ “Shemayim” (Skies).
Peres was also quoted as saying that Israel’s future policy will be based on four points: maintenance of a balance of power to prevent a war or win it if it comes; minimizing dependence on foreign factories; acquiring technological superiority: and making it clear to the Arabs that they would be wiser to keep their armies home to defend their own countries than to concentrate their forces against Israel. Peres said Israel’s aircraft industry would expand to hither to unimagined dimensions.
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