Dror-1. Photo: IAI

Defense contractor Israel Aerospace Industries (IAI) will develop and build the State of Israel’s national communications satellite, “Dror 1,” the company announced on Thursday.

Dror 1 built by the state-owned company is intended to meet the country’s satellite communication needs for 15 years once operational. While no financial details were disclosed, development of the government-funded satellite will reportedly cost approximately $59 million.

Read more at The Jerusalem Post.