“Untangling the aid relationship with Cairo would not be simple and could be costly for the United States as well as Egypt. A special financing arrangement Cairo uses could leave U.S. taxpayers holding the bill for billions of dollars in equipment Egypt already has ordered on credit, and companies like Lockheed Martin and General Dynamics that build military hardware for Egypt would be affected by aid restrictions. Also on Sunday, several lawmakers made the point that the security of neighboring Israel and the Suez canal were compelling reasons in favor of continued aid. Since 1979, when Egypt signed a peace treaty with Israel, it has been the second largest recipient, after Israel, of U.S. bilateral foreign aid.”
