US and Israel Negotiate Aid Framework Through 2033

The United States and Israel are negotiating a new military assistance memorandum that would continue $3.3 billion in annual direct financing for five years after the current agreement expires in 2028, then end that funding in 2033, according to reports on the proposed terms. The draft has not been signed, and the reported timeline differs from President Donald Trump’s statement that U.S. aid would end at the close of 2026.

The proposed arrangement would provide $16.5 billion in direct military financing over five years, keeping the annual amount at $3.3 billion while shortening the period of assistance. The existing 10-year memorandum provides $3.3 billion annually in Foreign Military Financing, or $33 billion over its term, as well as $500 million each year for joint missile-defense programs.

The reported draft could increase annual funding for missile-defense cooperation, but no new amount has been specified. The programs include work on systems such as Iron Dome, David’s Sling and Arrow. The current memorandum, negotiated in 2016, runs through 2028 and provides $3.8 billion in annual assistance overall.

Trump said in a November 3 Fox News interview that U.S. assistance would...