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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: tsigprofit who wrote (10008)12/26/2002 11:00:07 AM
From: Bucky Katt  Read Replies (1) of 48461
 
Missile shield for jetliners

Project takes off after El Al attack

By MAGGIE HABERMAN
DAILY NEWS STAFF WRITER

Israel and the U.S. have struck a deal to develop a missile defense system for passenger jetliners, according to Israeli media reports.
Officials started looking at an anti-missile system in the aftermath of a botched air attack on an Israeli airliner carrying 271 tourists Nov. 28.

The plane was taking off from Mombasa, Kenya, when shoulder-held missiles soared toward it. Al Qaeda operatives are believed to have launched the missiles.

At nearly the same time, suicide bombers killed 14 people at a Mombasa resort.

"A decision was taken to pursue a joint project with the U.S. to develop a sophisticated defense system to protect airplanes from missile attack," an Israeli diplomatic source told Reuters.

Officials in Washington and Prime Minister Ariel Sharon's office would not immediately confirm the reports, which also aired on Israel Radio.

OKd by Sharon

Sharon approved the joint program with the U.S. in a meeting with Defense Minister Shaul Mofaz yesterday, Israel Radio said.

The Israeli military research company Rafael has developed a system to protect airplanes by installing devices that would emit a hot beam of light to divert heat-seeking missiles. The system costs hundreds of thousands of dollars per plane.

Israeli Foreign Minister Benjamin Netanyahu has said cooperation among countries to develop such a system could bring down the cost.

Military jets have long been equipped with missile deflection systems, but those planes are smaller and more maneuverable than commercial airliners.

Several planes owned by the Israeli airline El Al have electronic sensors that can detect incoming missiles.

Mofaz recently suggested putting anti-missile equipment on up to 40 El Al planes that travel to high-risk international destinations.

But the goal of the U.S.-Israeli program would be to expand the program to all commercial flights.
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I can think of several rat stocks that could have applications in this type of undertaking....
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