Israel eyes joint defense projects as cornerstone of new US defense deal

(JNS) — Jerusalem is readying for talks with the White House on a new foreign military financing deal that would focus more on joint projects than cash handouts, Reuters reported on Tuesday, citing the Financial Times.

“The partnership is more important than just the net financial issue in this context … there are a lot of things that are equal to money,” Gil Pinchas told the Financial Times, prior to stepping down as chief financial adviser to Israel’s Defense Ministry. He was referring to military- and defense-development projects on which the United States and Israel work together. “The vie...