Shares in UK defence firm BAE Systems PLC (LSE:BA.) rose after Israel unveiled a new order for F-35 fighter jets on Sunday.
Israel will boost its F-35 Lightening II fleet by 50% through the US$3bn order, with many parts set to be supplied by BAE.
Though Lockheed Martin (NYSE:LMT) and Pratt & Whitney are the lead manufacturers of the jet, BAE supplies rear fuselage and tail parts, alongside key systems and electronics for the F-35.
Israel will acquire 25 new models of stealth fighter jet, of which BAE builds around 15%, excluding propulsion, under an agreement with Lockheed.
Israel operates F-35 As, which use conventional methods to take off, unlike the B and C variants that can fly vertically using Rolls-Royce Holdings PLC (LSE:RR.) technology.
Britain, the United States, Canada, Australia and several European nations operate the F-35, with Israel’s soon-to-be 75-strong fleet making it the only middle eastern country to use the jet.
“This acquisition will expand the world's most advanced stealth aircraft fleet,” Israel’s Ministry of Defence said, with funding set to come from United States' aid.
BAE rose 0.6% to 932p.