Obama, Netanyahu Negotiate $2B Increase in US Military Aid to Israel

obamaPresident Barack Obama and Israeli Prime Minister Benjamin Netanyahu have begun talks about a possible increase in U.S. military assistance to Israel from $3 billion annually to up to $5 billion under a 10-year agreement, reported Monday.

Bryant Jordan writes Netanyahu met with Obama to discuss the possible extension of the security aid memorandum of understanding, which is set to expire in 2017.

The agreement aims to help Israel improve its military capabilities in order to defend itself from national security threats, Jordan reports.

“It will be expiring in a couple of years, but we want to get a head start on that to make sure that both the United States and Israel can plan effectively for our defense needs going forward,” Obama said.

“Israel has shouldered a tremendous defense burden over the years, and we’ve done it with the generous assistance of the United States of America,” Netanyahu said at the White House.

You may also be interested in...

Wind Turbine

DOE to Back Wind Turbine Generator Dev’t Projects

The Department of Energy (DOE) has earmarked $8 million in funds to support eight projects that will cover the development of lightweight wind turbine generators for offshore and tall wind usage. The department seeks to lower the cost of wind generation by 10 to 25 percent and produce generators that are 50 percent smaller and lighter through the effort.

Leave a Reply

Your email address will not be published. Required fields are marked *