Memorandum of Understanding

A military aid package from the US to Israel went into force according to an announcement by the US State Department on October 2nd.
The deal for the aid was signed in 2016 during the Obama administration and will provide $38 billion in US military financing between 2019 and 2028.
“As we enter the new fiscal year, the 10-year period of the $38 billion Memorandum of Understanding (MOU) signed by the United States and Israel in 2016 begins,” State Department Spokeswoman Heather Nauert said in a written statement.

WASHINGTON — In an event largely overlooked by the U.S. media, the Senate passed a bill on Wednesday that would provide Israel with $3.3 billion in military aid along with over $500 million for missile defense over the course of the next year. The bill, officially titled the “United States-Israel Security Assistance Authorization Act of 2018,” is expected to be voted on by the House within the week.