"This report provides an overview of U.S. foreign assistance to Israel. It includes a review of past aid programs, data on annual assistance, and analysis of current issues. [...] Israel is the largest cumulative recipient of U.S. foreign assistance since World War II. To date, the United States has provided Israel $127.4 billion (current, or non-inflation-adjusted, dollars) in bilateral assistance. Almost all U.S. bilateral aid to Israel is in the form of military assistance, although in the past Israel also received significant economic assistance. At a signing ceremony at the State Department on September 14, 2016, representatives of the U.S. and Israeli governments signed a new ten-year Memorandum of Understanding (MOU) on military aid covering FY2019 to FY2028. Under the terms of the MOU, the United States pledges to provide $38 billion in military aid ($33 billion in FMF [Foreign Military Financing] grants plus $5 billion in missile defense appropriations) to Israel. This new MOU will replace the current $30 billion 10-year agreement, which runs through FY2018. [...] In December 2016, Congress passed other legislation to assist and cooperate with Israel. [...] The United States-Israel Advanced Research Partnership Act of 2016 authorizes the expansion of an existing joint research-and- development program at the U.S. Department of Homeland Security to include cybersecurity technologies. [...] [T]he Water Infrastructure Improvements for the Nation Act calls for further U.S. cooperation with Israel in desalination and the development of new water technologies."
CRS Report for Congress, RL33222
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html