This version is arranged and conducted by Dr. Mordechai Sobel who does fantastic work. We've enjoyed two Shabbatot in Tel Aviv with him. Each time I found myself standing for hours, the entire morning prayer, peeking mesmerized from the Women's Gallery.
I'm no expert concerning the various versions of words; the basic idea is the same in all.
This traditional version of the Prayer for the State of Israel was published by the Chief Rabbinate of Israel in 1948.
Our Father who is in heaven, Protector and Redeemer of Israel, bless the State of Israel, the dawn of our deliverance. Shield it beneath the wings of Your love; spread over it Your canopy of peace; send Your light and Your truth to its leaders, officers, and counselors, and direct them with Your good counsel. Strengthen the defenders of our Holy Land; grant them, our God, salvation and crown them with victory. Establish peace in the land, and everlasting joy for its inhabitants. Remember our brethren, the whole house of Israel, in all the lands of their dispersion. Speedily bring them to Zion, Your city, to Jerusalem Your dwelling-place, as it is written in the Torah of Your servant Moses: “Even if you are dispersed in the uttermost parts of the world, from there the Lord your God will gather and fetch you. The Lord your God will bring you into the land which your ancestors possessed, and you shall possess it; and God will make you more prosperous and more numerous than your ancestors.” Unite our hearts to love and revere Your name, and to observe all the precepts of Your Torah. Speedily send us Your righteous Messiah of the House of David, to redeem those waiting for Your salvation. Shine forth in Your glorious majesty over all the inhabitants of Your world. Let everything that breathes proclaim: “The Lord God of Israel is King; His majesty rules over all.” Amen. Selah.This alternative version is adapted from the Kol Haneshama siddur, 1994.
Please God, bless the State of Israel. Protect it in the abundance of your love. Spread over it the shelter of your peace. Send forth your light and truth to those who lead and judge it, and to those who hold elective office. Establish in them, through your presence, wise counsel, that they might walk in the way of justice, freedom and integrity. Strengthen the hands of those who guard our holy land. Let them inherit salvation and life. And give peace to the land, and perpetual joy to all its inhabitants. Appoint for a blessing all our kindred of the house of Israel in all the lands of their dispersion. Plant in their hearts a love to Zion. And for all our people everywhere, may God be with them, and may they have the opportunity to go up to the land. Cause your spirit’s influence to emanate upon the dwellers of our holy land. Remove from their midst hatred and enmity, jealousy and wickedness. Plant in their hearts love and kinship, peace and friendship. And soon fulfill the vision of your profit, “Nation shall not lift up sword against nation. Let them learn no longer the ways of war.” And let us say, Amen.
Here's another youtube of it.