Israel gets $38 billion US defense aid

The Obama administration-era deal will provide Israel $38B in US military financing from 2019 to 2028

Israel gets $38 billion US defense aid

A 2016 military aid package between the U.S. and Israel has gone into force, the U.S. State Department said on Tuesday. 

The deal, signed under the Obama administration, will provide Israel $38 billion in U.S. military financing from 2019 to 2028. 

“As we enter the new fiscal year, the 10-year period of the $38 billion Memorandum of Understanding (MOU) signed by the United States and Israel in 2016 begins,” State Department Spokeswoman Heather Nauert said in a written statement.  

“Under the terms of the MOU, the United States will set funding for Israel at levels of $3.3 billion in Foreign Military Financing and $500 million for cooperative programs for missile defense over each of the next 10 years.”

The implementation of the MOU reflects “the enduring and unshakable commitment of the President, this Administration, and the American people to Israel's security,” she said. 

Mentioning escalating regional threats, she said terrorist groups sponsored first and foremost by Iran are seeking to attack not only Israel but also American interests. 

“Israel is also threatened by the reckless proliferation of destabilizing weapons systems into the region that increase the possibility of an escalated conflict in an already dangerous and volatile theater.” 

“The United States unconditionally affirms Israel's right to self-defense, and this MOU is a concrete demonstration of our commitment to Israel's capacity to defend itself with a qualitative military edge over all potential regional adversaries,” she added.