US House of Representatives passed on Friday an aid package to Israel valued at $500 million

Senate Passes Measure Giving $500 Million in Aid to Israel ...


US House of Representatives passed on Friday an aid package to Israel valued at $500 million designated for assistance to Israel in missile-defense, 
JNS reported.
The financial aid will mostly go towards the Iron Dome, David’s Sling and Arrow missile defense systems.

$500,000,000 shall be for the Israeli Cooperative Programs...for the procurement of the Iron Dome defense system to counter short-range rocket threats...for the Short Range Ballistic Missile Defense (SRBMD) program... for co-production activities of Arrow 3 Upper Tier systems in the United States and in Israel," the bill specified.

The funds allocated are part of the 2016 MOU between the countries, worth $38 billion over a decade.

US House passes missile-defense budget for Israel valued at $500 ...
Apart from the missile defense systems, out of the total budget, $47.5 million will be allocated towards anti-tunnel technology cooperation, $4 million for new US-Israel collaboration on coronavirus research and $6 million for joint US-Israel cooperative programs in energy and water, according to JNS.
The bill will next head to the Senate, where it is expected to be ammended.
US House of Representatives passed on Friday an aid package to Israel valued at $500 million US House of Representatives passed on Friday an aid package to Israel valued at $500 million Reviewed by Anson Moore on August 01, 2020 Rating: 5

No comments:

Powered by Blogger.