Israel seeks $5B in U.S. loans to buy arms

Israel is reported to be seeking U.S. loan guarantees of $5 billion to finance the purchase of the advanced weapons systems the U.S. administration has offered the Jewish state under a $10 billion package for its Middle East allies. These include AGM-88 HARM anti-radiation missiles made by the Raytheon Corp., that can knock out air-defense radar systems and Boeing KC-135 Stratotankers that will greatly extend the reach of Israel's strike jets.

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