Israeli defense ministry is reported to be in talks with the Pentagon to buy the American military equipment that will be retired following US withdrawal from Iraq.

Israel says it wants to equip its military with the used American equipment, including Humvee combat vehicles, which is a highly profitable business due to its low price compared to new equipment.

Israel is also willing to acquire surplus weapons and ammunition the US will no longer need following the withdrawal at bargain prices.

"It seems that in some cases it is cheaper to sell to other countries than to transport back to the US or bases in Europe," JPost quoted an Israeli defense official as saying.

Saudi Arabia and Egypt, both longtime customers of US weaponry are also reported to be eyeing the used American military equipment.

While Washington has removed thousands of tons of equipment from Iraq but there is still plenty more left in the country.

(Press TV)