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October 23, 2014 / 29 Tishri, 5775
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Posts Tagged ‘DOD’

U.S. Cuts Israel’s Military Aid by 5%

Friday, June 21st, 2013

The U.S. cut $175 million from the $3.1 billion dollars of Foreign Military Financing (FMF) it supplies Israel, as part of across the board cuts in international military aid, according to a report in Ma’ariv.

Ambassador Michael Oren said Israel would not be asking for an exemption from the cuts, and that Israel would carry its share of the burden.

Most of the US military aid must actually be spent in the US, with purchases from U.S. companies recognized by the Department of Defense as authorized military contractors.

Israel is one of the largest recipient of FMF funding.

Some in Israel believe that the FMF funding is not a good thing, and in fact limits and restricts Israel’s ability to develop and sell its own military projects, by restricting development and sales to projects that don’t significantly compete with U.S. military sales.

It’s not yet clear what purchases will be cut from the budget, but it may affect the purchase of the controversial F-35 stealth plane.

The cuts in general will negatively affect U.S. military activities overseas, as well as possibly reduce joint training exercises with Israel.

Printed from: http://www.jewishpress.com/news/breaking-news/u-s-cuts-israels-military-aid-by-5/2013/06/21/

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