Washington, Nov 6 (Reuters) - The Biden administration has reportedly informed the U.S. Congress about its intention to transfer $320 million worth of precision bombs to Israel, according to a source familiar with the plan.

As per the Wall Street Journal's report, the administration sent a formal notification on Oct. 31 to congressional leaders, outlining the planned transfer of Spice Family Gliding Bomb Assemblies. These precision guided weapons, which are launched by warplanes, will be provided to the Israeli defense ministry.

According to correspondence seen by the Journal, the bombs will be manufactured by Rafael USA and then transferred to its Israeli parent company, Rafael Advanced Defense Systems, for use by the Israeli military.

The decision to transfer such weaponry comes amid increasing tensions in the Middle East and ongoing conflicts in the region. The move signifies the close relationship between the United States and Israel, further supporting their mutual defense efforts.

While the intent behind the transfer of precision bombs is to enhance Israel's defense capabilities, it has sparked debates among lawmakers and others who express concerns about the potential implications and implications for regional stability.

This transfer of precision bombs aligns with President Joe Biden's commitment to strengthening the alliance between the United States and Israel. The President has previously emphasized his administration's support for Israel's security, and this move is seen as a tangible demonstration of that support.

It is important to note that the $320 million transfer of precision bombs to Israel will require approval from the U.S. Congress before it can be officially executed. Congressional leaders will have the task of assessing the potential strategic implications and weighing the decision against various factors, including regional stability and potential risks.

The precise timeline for the transfer has not been disclosed, but President Biden's administration is expected to engage in further discussions with congressional leaders and Israeli officials to determine the best course of action moving forward.

The transfer of precision bombs to Israel, if approved, will bolster the country's military capabilities and further solidify the existing defense partnership between the United States and Israel. As developments progress, observers will keep a close eye on any subsequent announcements or actions taken by the involved entities.