Israel and United States scheduled to finalize military aid agreement this week

Head of Israel’s National Security Council heads to Washington; Agreement reported to increase aid from $3.1 billion annually to $3.5 billion

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Israel’s Head of the National Security Council Yaakov Nagel traveled to Washington with a delegation Sunday to finalize negotiations on the United States military aid agreement with Israel. He is scheduled to meet with American officials through out the week beginning on Monday, a final agreement to reportedly been signed this week.

The current aid agreement for Israel is set to expire in 2018, negotiations for a renewed memorandum of understanding currently underway. The defense aid package will reportedly include $3.5 billion annually, the agreement, as with previous defense agreements, set for a ten year period.

The current memorandum provides $3.1 billion in aid. The new defense aid package will include US Congress approved anti-missile defense funding in the designated decade agreement.

Last week, the Prime Minister’s Office stated that Israel it is “not in Israel’s interest for there to be any changes to the fixed annual MOU [memorandum of understanding] levels without the agreement of both the US administration and the Israeli government.”