The US State Department said Friday that it approved the possible sale of Advanced Precision Kill Weapon System (APKWS) and related equipment to Israel, Anadolu Agency reports.

The estimated total cost is $992.4 million, it said in a statement.

“The proposed sale will improve Israel’s capability to meet current and future threats, strengthen its homeland defense, and serve as a deterrent to regional threats. Israel will have no difficulty absorbing these articles and services into its armed forces,” it added.