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Israel’s security cabinet approved funding for a new defense system against Kassam and Katyusha rockets.

The Iron Dome rocket defense system, approved Sunday after several months of comparing 14 different systems, will intercept short- and medium-range rockets like the ones that have been terrorizing the country’s northern and southern borders. Developing the defense system will cost nearly $207 million.

The system is expected to be operational in Sderot in 2 1/2 years.

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