The Israeli government has reportedly submitted a formal request for the US to agree to an additional $700 million in military funding, above and beyond the massive amount already allocated, to pay for the Iron Dome and Magic Wand missile defense systems.
This request is above and beyond the money the Pentagon was already seeking for Israel’s Iron Dome system, as the short range missiles, which were largely unsuccessful during the recent Gaza Strip attacks. The Israeli government wants to expand the number of batteries available.
The Iron Dome system was initially defunded by the Israeli military in 2010, when they decided it was not cost effective. The US immediately approved full funding for it. Now, the US is liable to be on the hook for the Magic Wand system as well.
Though official statements from the US have not been made on the new request, reports say that the US is likely to make the $700 million a de facto bribe, aimed at convincing Israel to delay its attack on Iran just a little longer.