Israel has asked Washington to preserve cut-rate costs and generous terms of a proposed package of up to six V-22 tilt-rotor aircraft pending an ongoing reassessment of procurement priorities driven by last summer’s Gaza war.

Proposed prices, delivery schedules and deferred payment allowances guaranteed in a Pentagon-crafted letter of offer and acceptance (LOA) expired Dec. 10.

Israel didn’t sign the LOA, but now wants to freeze its terms, which reduced the estimated $1.3 billion package by nearly half, expedited deliveries and allowed deferred payment through low-interest commercial loans essentially secured by the promise of future-year military aid. […]