Iran attack costs Israel $1.35 billon

This video grab from AFPTV taken on April 14, 2024 shows explosions lighting up the sky in Hebron in the Israeli-occupied West Bank during an Iranian attack on Israel. (Photo by AFPTV / AFP)

Israeli media said the interception of missiles and drones launched in a retaliatory attack by Iran overnight cost the country $1.35 billion.

The Yedioth Ahronoth quoted Brig. Gen. Ram Aminach, the former financial advisor to the Israeli chief of staff, as stating the cost “was estimated at between 4-5 billion shekels.

“One ‘Arrow’ missile used to intercept an Iranian ballistic missile costs $3.5 million, while the cost of one ‘Magic Wang’ missile is $1 million, in addition to the sorties of aircraft that participated in intercepting the Iranian drones,” Aminach said.

Israel’s Haaretz newspaper quoted army spokesman Daniel Hagari as stating 350 missiles and drones were launched from Iran, most of which were intercepted.

He said minor damage was inflicted on Nevatim air base in Beersheba and that the base “continues to operate.”

Hagari said missiles and drones were also launched from Lebanon, Iraq, and Yemen.

Iran has claimed hits on certain military targets, but Israel stated most of the attacks were prevented by air defense systems.