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.
