/

Reuters: US to Sign 10-Year, $38B Military Aid Pact With Israel

1 min read

partnershipThe U.S. government will sign a 10-year pact in the coming days to provide an estimated $38 billion in military aid to the government of Israel, Reuters reported Tuesday.

Matt Spetalnick and Patricia Zengerle write Susan Rice, U.S. national security adviser, will sign the agreement with Jacob Nagel, Israel’s chief negotiator and acting national security council chief.

The report said the deal includes a provision that will prevent Israeli requests for additional funds from Congress beyond the amount lawmakers will grant annually, as well as an arrangement to remove Israel’s capacity to spend part of the U.S. aid on locally made weapons.

The military aid agreement follows 10 months of negotiations with friction over the U.S. nuclear deal with Iran and concerns over uncertainties with the upcoming election of a new U.S. president, Reuters reported.

Rice said at the AJC Global Forum in June that President Barack Obama has hoped the new package will be finalized during his term with the current agreement due to expire in 2017.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about DoD

Leave a Reply

Your email address will not be published.

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it