A major U.S. defense contractor announced on Monday it will work with the Israeli company that developed the Iron Beam system to create an American version.

The new CH-53K King Stallion will be an easy transition for air force pilots and crews, who already fly the earlier model of the same chopper.

Agreement expected to grow substantially if Lockheed Martin wins Indian Air Force supply tender.

As Defense Minister Avigdor Liberman emphasized, Israel is the first country outside the US to receive this airplane. The F-35 represents the crown jewel of air-power superiority and will therefore be a great contribution to the IDF’s air force.

A recent NASA study shows that the 1998-2012 eastern Mediterranean drought was the area’s worst drought in 900 years. But Israeli innovation has made the Jewish State nearly drought-proof, and Omer Arad came up with the idea of a wearable panic bracelet that lets a diver call his or her partner.

Israel Aerospace Industries (IAI) has secured major contracts with two U.S.-based aerospace and defense firms, Boeing and Lockheed Martin.

Anticipating the arrival in Israel this year of the new F-35 stealth fighter jet, IAF pilots are training in the US, while production has entered an advanced stage.

In a move beneficial for Israel's military as well as its economy, Jerusalem is purchasing more F-35 fighters from the US.