Steven Sheer

Israel Arms Industry Sees Big Hit From ‘Buy American’ Provisions in $38B Aid Deal

Israel’s defense industry faces layoffs, closures and a scramble to set up shop in the United States following the signing of a new U.S. military aid package that phases out Israel’s ability to spend a quarter of the funds on its own businesses. The 10-year, $38 billion agreement, signed on Sept. 15 after a year…