Right, but the money also props up their union-Marxist-socialist public sector, and has resulted in what one Israeli analyst described as "an entire country on the dole," because they don't have to spend their own money for their own defense.
An Israeli friend of mine has observed this problem first hand. Foreign aid smothers local innovation and local business.
In 2008, Israel spent $16.2 billion on its armed forces, making it the country with the biggest ratio of defense spending to GDP; 2011: $16 billion; Percent of GDP: 6.9%.For comparison, the U.S. spends about 4.7%.During 1950–66, Israel spent an average of 9% of its GDP on defense. Defense expenditures increased dramatically after both the 1967 and 1973 wars. They reached a high of about 24% of GDP in the 1980s, but have since come back down to about 9%, about $15 billion, following the signing of peace agreements with Jordan and Egypt. In 2008, Israel spent $16.2 billion on its armed forces, making it the country with the biggest ratio of defense spending to GDP and as a percentage of the budget of all developed countries.($2,300 per person).