US, Israel sign massive military aid deal; $38B, 10 years

  • FILE - In this Sept. 11, 2016 file-pool photo, Israeli Prime Minister Benjamin Netanyahu gestures as he opens the weekly cabinet meeting at his Jerusalem office. The U.S. will provide Israel's military with $38 billion during the next 10 years, officials said Tuesday, Sept. 13, 2016, the largest batch of military assistance the U.S. has ever pledged to another country. Netanyahu’s office confirmed in a brief statement that a deal had been reached, but offered no additional comment. (Gali Tibbon, Pool via AP, File)

    FILE - In this Sept. 11, 2016 file-pool photo, Israeli Prime Minister Benjamin Netanyahu gestures as he opens the weekly cabinet meeting at his Jerusalem office. The U.S. will provide Israel's military with $38 billion during the next 10 years, officials said Tuesday, Sept. 13, 2016, the largest batch of military assistance the U.S. has ever pledged to another country. Netanyahu’s office confirmed in a brief statement that a deal had been reached, but offered no additional comment. (Gali Tibbon, Pool via AP, File) Associated Press

 
 
Updated 9/14/2016 12:31 PM

WASHINGTON -- The United States and Israel have signed a new aid deal that will give the Israeli military $38 billion over the course of 10 years. It's the largest such agreement the U.S. has ever had with any country.

After months of negotiations, the unprecedented deal was signed at the State Department on Wednesday.

                                                                                                                                                                                                                       
 

The aid totals $3.8 billion a year - up from $3.1 billion the U.S. gave Israel annually under the current 10-year deal that expires in 2018.

Under the agreement, Israel's ability to spend part of the funds on Israeli military products will be phased out, eventually requiring all of the funds to be spent on American military industries.

Israel's preference for spending some of the funds internally had been a major sticking point in the deal.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.