Boeing Gets $298 Million Israel Deal for 5,000 Smart Bombs (1)

Boeing Co. has a new $298 million contract with Israel to deliver as many as 5,000 new air-launched smart bombs, according to three people familiar with the transaction.

The company’s Small Diameter Bomb is a guided munition that can be launched by Israeli jets at targets more than 40 miles (64 kilometers) away.

The new contract is not related to the ongoing US and Israeli air strikes on Iran, with deliveries not scheduled to start for 36 months, one of the people said.

This is at least the third sale of the weapon to Israel, with the State Department in ...