US Agrees 10-year Military Aid Deal With Israel Worth at Least $38B
Tuesday, 13 Sep 2016 06:32 AM
The United States and Israel have reached final agreement on a record new package of at least $38 billion in U.S. military aid and the 10-year pact is expected to be signed within days, sources close to the matter told Reuters on Tuesday.
The deal will represent the biggest pledge of U.S. military assistance ever made to any country but also includes major concessions granted by Israeli Prime Minister Benjamin Netanyahu, according to officials on both sides.
Those include Israel's agreement not to seek additional funds from Congress beyond what will be guaranteed annually in the new package, and also to phase out a special arrangement that has allowed Israel to spend part of its U.S. aid on its own defense industry instead of on American-made weapons, the officials said.
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http://www.newsmax.com/World/GlobalTalk/Military-US-Israel/2016/09/13/id/747934/
