Israel asks U.S. for $700 million in military aid

Israel asks U.S. for $700 million in military aid

Jerusalem : Israel | Apr 04, 2012 at 1:36 PM PDT
Views: Pending
Israel has completed tests on its Iron Dome anti-missile system

Israel has asked the United States for assistance estimated at $700 million in addition to the $2.1 billion per year paid to the Israeli military, in order to produce more Iron Dome, Magic Wand anti-missile batteries.

The deal would provide Israel with near-complete missile defense until 2015, military sources told Ynet on Wednesday.

According to Ynet news, The Iron Dome is designed to intercept rockets fired from a relatively short range. The system was developed by Israel's Rafael Advanced Defense Systems Ltd to counter rocket fire from Lebanon and Palestinian resistance homemade projectiles in the Gaza Strip.

It should be noted that of the approximately 120 homemade projectiles and mortars fired at Israel from Gaza Strip, 90 entered Israel's airspace, Israeli officials said. The Iron Dome system intercepted 20-35 before they could land, military expert told Press TV.

However, the Magic Wand system designed to intercept missiles fired from a range of at least 70km, including cruise missiles and missiles with ballistic warheads such as the Squd, Shihab and Sejil.

The U.S. Congress approved $205 million in funding for the project in fiscal year 2011, which ended on Sept. 30, and the Obama administration plans to ask for additional funding this year, Reuters news reported.

For his part, Pentagon spokesman George Little said supporting Israel's security was a top priority of Obama and Defense Secretary Leon Panetta.

The United States and Israel are preparing for a massive “Austere Challenge” exercise this summer involving thousands of soldiers from both countries, Pentagon spokesman added

In early March, Israeli Prime Minister Benjamin Netanyahu asked the United States for advanced "bunker-buster" bombs and refueling planes that could improve its ability to attack Iran's underground nuclear sites.

According to report published by the Congressional Research Service, Israel has received more more than $115 billion dollars in financial aid. More than $67 billion dollars of the Washington's aid to Israel has been in military.

The U.S also allow the Israeli army to use their emergency reserve ammunition stored in Israel. The value of the weapons held in the U.S. emergency supplies is 1.2 billion dollars.


1 of 21
Israel asks US for $700 million in military aid
Iron Dome in Action Photo: AFP
saleh1966 is based in Gaza, Ġazzah, Palestine, and is an Anchor on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Israel asks US for $700 million in military aid

      Ynet News
    Moti Kimhi Jerusalem requests Washington to allocate funds for more Iron Dome, Magic Wand anti-missile batteries. Deal will provide Israel with near-complete missile defense until 2015 Ron Ben-Yishai Israel has asked the United States for assistance...
  • Israel seeks multi-year US missile defense aid

      Jerusalem Post
    Israel is in talks with the United States about increasing its financial aid for Israeli missile defense programs and establishing a multi-year budget program which will not require annual administration approval. Israel currently receives around $3...
  • Israel to make do with fewer Iron Dome interceptors

      Arab News
    Israel is expanding the reach of its Iron Dome rocket interceptors to make do with fewer given the prospect of reduced financial support from a cash-strapped United States, a senior Israeli official said on Wednesday. The US Congress approved $205...
  • Israel seeks $700M from U.S. for missile defense

      United Press International
    Israel is seeking $700 million from the United States to fund additional batteries of the Iron Dome counter-rocket system and other air-defense weapons. The Israeli military says the systems are needed to protect the country from massive missile...
  • Israeli-US anti-missile drill back on track

      Jerusalem Post
    Months after its postponement, the largest-ever Israeli-American missile defense drill is back on track with plans moving forward to hold the exercise by the end of the year in face of Iran's continued pursuit of a nuclear capability...Israel to...
  • Barak: 2012 ן¿½ year of the fight against Iran's nukes

      Ynet News
    Avi Roccah Defense minister says Israel willing to wait for results of talks with Iran before it decides on course of action Ron Ben-Yishai Defense Minister Ehud Barak declared Wednesday that 2012 is "the year of the fight against the Iranian nuclear...





More From Allvoices

Related People

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.