U.S. prepares new $1B arms transfer to Israel, WSJ reports

The White House has requested that congressional leaders approve new transfers of about $1B worth of bombs and other military equipment to Israel at a time when the U.S. is aiming to preserve a cease-fire agreement in Gaza, the Wall Street Journal’s Jared Malsin and Nancy Youssef report, citing U.S. officials familiar with the sale. The planned weapons sales included 4,700 1,00o-pound bombs worth over $700M and armored bulldozers made by Caterpillar (CAT) worth over $300M, the authors note. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), HII (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC) and RTX (RTX).