Israel Earns $7.5 Billion In Arms Export: Reports

  • Our Bureau
  • 11:54 AM, July 25, 2013
  • 3597

Israel has been listed among the top ten security exporters with 25% of the exports being missile technologies and air defense systems, according to the Israeli MoD.

In 2012, Israeli security exports were worth $7.5 billion. Officials said that the security exports comprise 10% of the total Israeli industrial exports (excluding diamonds), while 71% of the total security production is meant for export. The growth in export volumes in 2012 is a continuation of the growth in security exports since 2003.

Most of the Israeli products, worth around $4 billion, were shipped to the Asia Pacific region. The contracts worth around 3.5 billion dollars were signed with European countries, the US, Canada, Latin America and Africa.

According to Brig. Gen. Eitan Eshel, head of Ministry of Defense Administration for the Development of Weapons and Technological Infrastructure (MAF’AT), Israel has an advantage in this area due to the technologies being tested in the field by the IDF, and the long term planning by the Ministry of Defense and the Israeli security industries. Most of the capabilities of the IDF are based on technologies developed by the Israeli defense industries, most of them funded by MAF’AT. 

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