US to sign record $38billion military aid deal with Israel – report

‘The US has reportedly agreed a $38 billion package to deliver military aid to Israel over the next 10 years, with the pact expected to be signed “within days.” The deal will become the biggest pledge of US military assistance to another country in history.
The new aid package will see Israel receive $3.8 billion per year from Washington, an increase of $700 million from the current $3.1 billion, sources told Reuters. However, the figure fell short of the annual $4.5 billion that Israeli Prime Minister Benjamin Netanyahu had been seeking.
Following the negotiations Israel says it will not seek extra funding from the US. A previous agreement that allowed Israel to spend just over a quarter of the aid given by Washington on weapons from its domestic defense industry, instead of from the US, will be also phased out.’
Read more: US to sign record $38billion military aid deal with Israel – report