What Israel might be able to do is build a long-range stealthy subsonic UAV for strike, as an alternative to submarine-launched missiles & manned aircraft. Using imported (or licence-built) jet engines, & building on existing Israeli expertise in UAV control systems, it should be both within Israel's capabilities in aerodynamics & aero structures, & cheaper than a fighter - though not cheap, by any means. I expect Israel is already working on signature management.
Stobiewan: the Swedes have 65 years experience of building jet fighters, & over 55 years of building fast (if by that you mean supersonic) jets. The Saab 21R flew in 1947, & the Saab 35 in 1955.
1947 ? Blimey, I was not aware of that fact
Kudos to the Swedes then - quietly getting it done. I've always liked and admired the lines of the Draken and Viggen as well - there's a Draken at Duxford and the thing looks like if it hit the side of a mountain, it'd just keep flying out the other side.
Ian