Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon in southern Israel October 8, 2023. REUTERS/Amir Cohen
Israel’s hands exports reached $ 14.7 billion in 2024, a file level according to the Ministry of Defense, despite worldwide criticism of war in Gaza for nearly twenty months.
“Israel again reached a historical summit for exports in the protection discipline in 2024,” said the Ministry of Defense, which oversees and approves exports from the Israeli palms industries in a assertion posted on Wednesday.
“Mega-contracts” really worth as a minimum $ 100 million every
The majority of the contracts signed (56.8%) have been “mega-contracts” really worth at least $ a hundred million each, unique the ministry, adding that the “operational results” within the conflict in opposition to the Islamist Hamas motion in the Gaza Strip had inspired call for.
Since the start of the struggle, prompted by way of the unprecedented assault of Hamas on October 7, 2023, the ministry said that it operated in “emergency mode, mobilizing for the war attempt with a production of ASAHL 24 hours an afternoon whilst preserving manufacturing for overseas customers”.
“The operational results of the battle and the verified overall performance of Israeli systems at the battlefield aroused strong worldwide call for for Israeli defense technology, which made it possible to conclude 2024 on a remarkably high notice with document export contracts,” he stated.
According to the ministry, the call for for missiles, rockets and air defense systems has “reached a brand new important step” and represents about forty eight% of the total export volume, in opposition to 36% in 2023. In addition, “exports of satellites and space systems experienced enormous increase, representing 8% of transactions in 2024 against 2% in 2023”, in line with the identical supply.
“The global sees the power of Israel and seeks to be the companion”
The distribution of the areas to which guns have been exported shows that European nations constitute more than half of the exports. Sales to international locations which have concluded standardization agreements with Israel (Abraham agreements), United Arab Emirates, Bahrain and Morocco, appear to have expanded sharply, going from three% in 2023 to twelve% the following year.
“It was precisely throughout a tough and complicated year of war that Israel broke a ancient file in defense material exports,” said Defense Minister Israel Katz, inside the press launch. “The world sees the energy of Israel and seeks to be the associate,” he introduced.
