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U.S. Signs $38 Billion Military Aid Package For Israel

By Marc Selinger

Wednesday, September 14th, 2016

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U.S. Signs $38 Billion Military Aid Package For Israel

Israeli Defense Minister sits in the cockpit of his country's first F-35A during a rollout ceremony at Lockheed Martin's jet plant in Ft. Worth, Texas.

U.S. and Israeli officials signed a memorandum of understanding (MoU) Sept. 14 to give Israel $38 billion in military aid over 10 years, including $5 billion for missile defense.The MoU, which covers fiscal years 2019 through 2028, will allow Israel to buy more Lockheed Martin [LMT] F-35 and Boeing [BA] F-15 fighters and “substantially enhance the mobility of its ground forces,” U.S. National Security Adviser Susan Rice said. The agreement will also provide more stability in funding for Israeli missile…

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