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Israel defence exports hit record $13.1bn in 2023

June 17, 2024 at 1:29 pm

This picture taken from Israel’s southern border with the Gaza Strip shows a battery of Israel’s Iron Dome air defence system deployed near the Palestinian territory on 17 April, 2024 [JACK GUEZ/AFP via Getty Images]

Israeli defence exports rose to a record $13.1 billion in 2023, a government report said on Monday, citing hundreds of contracts signed at various defence firms, Reuters reports.

Some 36 per cent of exports came from missile, rocket and air defence systems, followed by radar and electronic warfare, weapon stations and launchers at 11 per cent each, with crewed aircraft and avionics at 9 per cent, the Defence Ministry said.

Defence exports, which totalled $12.5 billion in 2022, have doubled over the past five years.

The Ministry said defence exports had become a central priority as part of an effort to strengthen security-strategic relations worldwide, enter new markets, remove bureaucratic barriers and reduce regulation.

“While our industries are primarily focused on providing the defence establishment with the capabilities to support our troops and defend our citizens … they are also continuing to pursue areas of cooperation and exports to international partners,” said Defence Minister, Yoav Gallant.

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