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Tuesday, December 10, 2013

US to add $173 million for Israel missile defense

Iron DomeA defense funding bill for fiscal year 2014 proposed Monday by members of the US House and Senate Armed Services Committees would increase American missile defense spending by some $358 million (NIS 1.25 billion), bringing the total to $9.5 billion (NIS 33.2 billion).

The measure also raises spending on missile defense systems developed between the US and Israel by $173 million (NIS 604 million), Reuters reported.

Funds for missile defense collaboration are separate from the average $3 billion (NIS 10.5 billion) in defense assistance Israel receives from the United States annually .

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