US and Israel conclude landmark 10-year defense deal
(Worthy News) – The United States and Israel have concluded a landmark aid agreement worth at least $38 billion, the largest pledge to an ally in American history, which will govern their defense relationship through 2028.
The deal will “constitute a significant increase in support, and provide Israel the funding to update much of its fighter aircraft fleet, substantially enhance the mobility of its ground forces and continue to strengthen its missile defense capabilities. ” The $38 billion over 10 years includes supplemental funding for missile defense that Israel received until now outside the MoU framework.
Still, the new sum constitutes about a $4 billion increase in the $34 billion in military aid Israel received over the past decade, which included $30 billion under the MoU, and another nearly $4 billion from 2007-2017 in supplemental missile defense aid. [ Source ]
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