Israel's defence minister has thanked the United States for including a "record-breaking" USD 705 million to aid the country's missile defense in the spending bill passed last week.
Avigdor Lieberman said today that the aid will be used for the development of Israel's multi-layered system, which is designed to shoot down short-range rockets from Gaza and Lebanon and counter long-range threats like that posed by Iran.
The US provides USD 3.1 billion in military aid to Israel each year under a 10-year security arrangement. The USD 705 million is a separate allocation, and is up from the USD 600 million provided for missile defense last year.
US President Donald Trump signed a USD 1.3 trillion spending bill on Friday that provides billions in new funding for the military and national security.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
