March 10 (Reuters) - Boeing has signed a new $289 million contract with Israel to deliver as many as 5,000 new air-launched smart bombs, a source told Reuters on Tuesday. The new contract is not related to the ongoing U.

Boeing (BA) has signed a contract valued at about $289 million to provide Israel with up to 5,000 air-launched precision bombs, Bloomberg News reported Tuesday, citing three people familiar with the agreement. The weapons are Boeing’s (BA) Small Diameter ...

Most of the damage in Israel has been caused by larger Iranian missiles, but Iran has been using cluster munitions on a “nearly daily basis,” said Lt. Col. Nadav Shoshani, a military spokesman. He says Iran fired similar projectiles during the 12-day war in June.

The death toll has already surpassed that of last year’s war, with Iranian officials reporting 1,230 killed so far.

The sale had been under informal review in Congress, but the State Department declared an emergency because of the war in Iran.

Is Israel running out of bombs in the escalating war with Iran? The United States has approved an emergency sale of 12,000 bomb casings worth about $151.8 million to Israel, raising questions about the pressure on Israel’s war arsenal during the ongoing conflict with Iran.

The Israeli military said it had completed a wave of strikes on assets and cash-storage facilities of a bank in Lebanon that has been the target of U.S. sanctions since 2007 for its role as a financial hub for Hezbollah.