U.S. finalises $38 bn military deal with Israel
The United States will provide Israel’s military
with $38 billion during the next 10 years.
Details:
- This is the largest batch of military assistance the U.S. has ever pledged to another country.
- The two countries had reached a 10-year agreement, with a signing ceremony planned.
- The U.S. and Israel haven’t disclosed the exact sum, but officials familiar with the deal said it totals $3.8 billion a year up from the $3.1 billion the U.S. gave Israel annually under the previous 10-year deal.
Under the agreement, Israel’s ability to spend part
of the funds on Israeli military products will be gradually phased out,
eventually requiring all of the funds to be spend on American military
industries. Israel’s preference for spending some of the funds internally had
been a major sticking point in the deal.
