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[h=1]Obama to Israel: Our Tax Dollars Won’t Go to Your Defense Contractors[/h]
The proposal: The US gives Israel an increase in military aid:
but Israel has to spend it on US made arms instead of giving it directly to their own industry, which is in direct competition with the US in the arms market:
and Israel could count on a ten year agreement instead of depending on our Congress for a renewal of aid each year.
The US defense industry likes the proposal:
and the outcome? Who knows?
The proposal: The US gives Israel an increase in military aid:
The United States is offering Israel $3.5 billion to $3.7 billion a year in military assistance over a decade, a major increase from current levels but less than the $4 billion a year initially proposed by Netanyahu’s government.
but Israel has to spend it on US made arms instead of giving it directly to their own industry, which is in direct competition with the US in the arms market:
But, since then, Israel’s security firms have flourished and in some cases now compete with U.S. defense contractors in global markets, selling $5.7 billion worth of weaponry in 2015, with sophisticated radars, electronic systems, drones, and missiles topping the list of high-end exports. That was almost double the $3 billion worth of equipment it exported in 2003.
and Israel could count on a ten year agreement instead of depending on our Congress for a renewal of aid each year.
The US defense industry likes the proposal:
For U.S. defense firms selling high-end, sophisticated weapons, any expansion of the Israeli market represents a lucrative opportunity, as the American companies can no longer count on major increases in the Pentagon’s budget, which has leveled off in recent years.
and the outcome? Who knows?