05:08 GMT +322 October 2019
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    A US Patriot anti-missile battery is set up at a base in Jaffa, south of Tel Aviv, file photo

    Israel Seeks More US Military Aid

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    Israel is asking the US to ramp up its annual military assistance to the Jewish State and is negotiating a 10-year, $4.5 billion financial bailout from Washington.

    During a series of unofficial talks held in the past few months, Israel has asked the Obama Administration to increase its annual military assistance by 50 percent to an average of $4.5 billion over the 2018-2028 period, Iran’s Press TV reported Wednesday.

    Under the existing agreement, negotiated during the George W. Bush Administration and which expires in the year after next, Israel receives around $3 billion in US assistance each year and President Obama agreed to raise the figure to between $4.2 billion and $4.5 billion.

    The money comes in addition to nearly $500 million in annual US funding for Israel’s missile system programs in recent years and $1.2 billion worth of US warfighting material held in Israel.

    The US also set aside $487.5 million in funding for various US-Israel active weapons programs in its next year’s defense budget, the Press TV report said.


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