White House 'aims to conclude' defense deal with Israel, official says

The deal is expected to clock in at around $38 billion over ten years.

By
August 1, 2016 22:47
1 minute read.
F-35 fighter jet

F-35 fighter jet. (photo credit: LOCKHEED MARTIN)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

WASHINGTON – US inter-agency officials began a week of meetings with Israeli national security leadership on Monday, entering the final stage of talks over a new decade-long US defense package.

Leading the delegation to Washington is Yaakov Nagel, acting head of Israel’s National Security Council.

Be the first to know - Join our Facebook page.


The discussions are “aimed at concluding” the Memorandum of Understanding, which will amount to the largest foreign aid guarantee in US history, a senior Obama administration official told The Jerusalem Post on Monday.

“We are not going to speculate about potential timelines,” the official said. “Since the talks began, we have held several rounds of serious and productive discussions, which we expect to continue this week.”

The White House, the official continued, “remains prepared to sign a new MOU with Israel, which would include both FMF [foreign military financing] funds and an unprecedented multi-year commitment of missile defense funding.”


The deal is expected to clock in at around $38 billion over 10 years, and will incorporate missile defense funding – an item that had been left out of the previous MOU, set to expire in October 2017.

Prime Minister Benjamin Netanyahu is said to be fighting to allow some of these defense dollars to be spent in Israel on the country’s own defense industry, the US is negotiating to do away with this provision.

The structure of the agreement is largely in place, however.

The deal is not expected to be completed during Nagel's visit, although Israeli and US officials alike seem prepared to conclude the deal within months, if not weeks.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Netta Barzilai
December 11, 2018
Israel's Eurovision winner "Toy" passes 100 million YouTube views

By AMY SPIRO