DefenseNews reports: Israel is seeking a hefty surge in annual security assistance from Washington and has begun preliminary talks with the US administration on a long-term package that would provide up to $45 billion in grant aid through 2028.

In recent months, working-level bilateral groups have begun to assess Israel’s projected security needs in the context of a new 10-year foreign military financing (FMF) deal that will kick in once the current agreement expires in 2017.

Under the existing, $30 billion agreement signed in 2007, annual FMF grant aid to Israel grew from $2.4 billion to $3.1 billion minus, in recent years, rescissions of some $155 million due to a government mandated sequester.

Under the follow-on package, endorsed in principle by US President Barack Obama during a March 2013 visit to Tel Aviv, Israel wants “$4.2 billion to $4.5 billion” in annual FMF aid, a security source here said. [Continue reading…]