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Source: https://www.state.gov/r/pa/prs/ps/2018/10/286363.htm
Ten-Year U.S.-Israel Security Agreement Begins
(State Department) Spokesperson Heather Nauert - On Oct. 1, "the ten-year period of the $38 billion Memorandum of Understanding (MOU) signed by the United States and Israel in 2016 begins. Under the terms of the MOU, the United States will set funding for Israel at levels of $3.3 billion in Foreign Military Financing and $500 million for cooperative programs for missile defense over each of the next ten years." "The MOU was negotiated under the previous Administration, reflecting the bi-partisan nature of this commitment. Israel is a valuable and capable ally to the United States that today faces dangerously escalating regional threats, first and foremost from the Iranian regime's sponsorship of terrorist groups seeking to attack not only Israel but also American interests." "The United States unconditionally affirms Israel's right to self-defense, and this MOU is a concrete demonstration of our commitment to Israel's capacity to defend itself with a qualitative military edge over all potential regional adversaries."