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US, Israel to Discuss Phasing Out Defense Aid by 2038

August 1, 2023

1 min read

Key Takeaways

Israel and US to discuss new defense aid framework.
Current agreement expires in 2028.
New framework to reduce US aid, expand joint arms development.
Goal is to phase out US financial assistance by 2038.

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Strategic Implications

This development may indicate a significant shift in the US-Israel security relationship, with the US gradually reducing its financial assistance to Israel. The expansion of joint arms development could strengthen the strategic partnership between the two countries, but may also create new challenges for Israel's defense industry.

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What Happened

New Framework To Reduce American Military Aid, Expand Joint Arms Development

The US and Israel are set to begin talks on a new framework for American defense aid, with the goal of phasing out US financial assistance by 2038. The current agreement, which expires in 2028, has provided Israel with $38 billion in security assistance over a decade. The new framework is expected to reduce US aid while expanding joint arms development, according to a report by Calcalist, a sister publication of ynetnews.

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