Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Cache Wallet and Web3 Decision Announce Strategic Partnership to Strengthen Web3 Security

September 1, 2025

Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here

September 1, 2025

A Guide to College Loans for Low-Income Students

September 1, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, September 1
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»US approves sale to Israel of $20 billion weapons package By Reuters
Stock Market

US approves sale to Israel of $20 billion weapons package By Reuters

August 17, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Written by Kanishka Singh and Mike Stone

WASHINGTON (Reuters) – The United States has given the green light for the sale of $20 billion worth of fighter jets and military equipment to Israel amid its ongoing conflict in the Gaza Strip. However, the Pentagon stated that deliveries will not commence for several years.

U.S. Secretary of State Antony Blinken approved the sale of F-15 jets and equipment totaling nearly $19 billion, tank cartridges valued at $774 million, explosive mortar cartridges worth over $60 million, and army vehicles valued at $583 million, according to the Pentagon.

The production of Boeing Co’s F-15 fighter jets is expected to take years, with deliveries scheduled to begin in 2029. Other equipment will start being delivered in 2026, as per the Pentagon.

Despite this timeline, an expert suggested that some deliveries could potentially occur even earlier than 2026.

“The United States remains committed to Israel’s security, and it is crucial to U.S. national interests to support Israel in enhancing its self-defense capabilities,” stated the Pentagon.

Israeli Defense Minister Yoav Gallant expressed gratitude to U.S. officials for aiding Israel in maintaining its military advantage in the region and for their dedication to Israel’s security.

The U.S., as Israel’s primary ally and arms provider, has supplied Israel with more than 10,000 highly destructive 2,000-pound bombs and numerous Hellfire missiles since the onset of the Gaza conflict in October, as per U.S. officials.

The conflict has brought widespread devastation to Gaza, resulting in a high civilian death toll. In an effort to prevent further escalation, Washington has been working with other regional mediators to negotiate a ceasefire.

President Joe Biden proposed a three-phase ceasefire plan for Gaza on May 31, but attempts to implement it have not yet succeeded.

The recent escalation in the long-standing Israeli-Palestinian conflict began when Hamas launched an attack on Israel on October 7, resulting in 1,200 deaths and approximately 250 hostages, according to Israeli reports.

© Reuters. FILE PHOTO: An Israeli tank manoeuvres, amid the Israel-Hamas conflict, near the Israel-Gaza border, in Israel, July 9, 2024. REUTERS/Amir Cohen/File Photo

Israel’s subsequent offensive on the Hamas-governed enclave has resulted in the deaths of nearly 40,000 Palestinians, according to the local health ministry. It has also led to the displacement of nearly the entire population of 2.3 million, a humanitarian crisis, and allegations of genocide at the World Court that Israel denies.

Washington has faced increasing domestic and international criticism for its military assistance to Israel.

approves Billion Israel package Reuters sale weapons
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

From Problem Property to Profitable Sale: Your Guide to Selling a House That Needs Repairs

August 19, 2025

AIPAC Attacks Rep Greene For Breaking With Republicans On Israel: ‘Disgusting’

August 8, 2025

Trump’s Base Fragments Further As He Demands States Support Israel Or Risk Disaster Relief

August 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Best value ETFs: Top funds that hold bargain-priced stocks

September 8, 20247 Views

Weekly Mortgage Rates Rise, But Long Term Expectations Are Lower

October 18, 20240 Views

MBX Biosciences insiders purchase $10 million in stock

September 22, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Cache Wallet and Web3 Decision Announce Strategic Partnership to Strengthen Web3 Security

September 1, 20250
Crypto

Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here

September 1, 20250
Personal Finance

A Guide to College Loans for Low-Income Students

September 1, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.