JERUSALEM — A low-cost, high-power laser-based system aimed at destroying incoming missiles has successfully completed testing and will be ready for operational use by the military later this year, Israel’s Defense Ministry said on Wednesday.

Co-developed by Elbit Systems and Rafael Advance Defense Systems, “Iron Beam” will complement Israel’s Iron Dome, David’s Sling and Arrow anti-missile systems, which have been used to intercept thousands of rockets fired by Hamas militants in Gaza, by Hezbollah from Lebanon and by the Houthis in Yemen.

Current rocket interceptors cost at least $50,000 each while the cost is negligible for lasers, which focus primarily on smaller missiles and drones. “Now that the Iron Beam’s performance has been proven, we anticipate a significant leap in air defens

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