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VisitIsrael to Receive $5.2 Billion in Emergency U.S. Aid for Air Defense Amid Iran Tensions
Oct 21, 2024, 08:01 AM
Israel is set to receive $5.2 billion in emergency aid from the United States to bolster its air defense capabilities. The aid will be used to enhance the Iron Dome, David's Sling, and a laser system currently under development, amid preparations for a fierce battle with Iran. This funding comes in addition to Israel's existing $19 billion defense budget and $3.3 billion in annual U.S. military aid. The Israeli Defense Ministry has completed an exchange of letters with the Pentagon to implement this special assistance.
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Markets
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Reports from the Israeli Defense Ministry or coverage in major defense news outlets
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