Israel to spend $110 billion to develop independent arms industry in next decade: Netanyahu

Israeli ‍Prime ​Minister Benjamin Netanyahu said on ⁠Wednesday Israel would spend 350 billion shekels ($110 billion) on ‌developing ‌an independent arms to reduce ‌dependency on other countries.

"We will continue to acquire essential supplies while independently arming ​ourselves," Netanyahu ​said at a ceremony for ‌new ‍pilots.

"I don't ‍know if a country can ‌be completely independent but we will strive ... to ensure our arms are produced as much as possible ‍in Israel," he said. "Our goal is ‍to ⁠build ⁠an independent arms industry for the State of Israel and reduce the dependency on any party, including allies."