The Iron Dome Missile Defense system being developed by the Israeli Rafael company is expected to be ready in about half a year, according to IDF sources and Rafeal officials.
Iron Dome is capable of intercepting rockets at ranges of between 4-77 kilometers, and is to provide the main response to Kassam and Katyusha rockets attacks, such as those initiated against Israel by the Hamas and Hizbullah.
Defense officials admit that the cost of intercepting missiles with the system may be as much as $50,000 each. Almost 3000 rockets were shot at Israel during the Second Lebanese War. The cost of shooting all those missiles down using Iron Dome would come to $150 million dollars.