The Israel Security Prize will be awarded to Israel Aerospace Industries next Monday for the development of the Arrow 3 missile system, which is capable of intercepting ballistic missiles out of the atmosphere and is considered to be the highest rated system in the array of air defense layers used by the state of Israel, according to Channel 2 Television.
While deemed to be operational, the system - developed jointly with the United States - is undergoing tests scheduled to last into 2018.