Israel Breaks Defense Export Record
Israel’s defense exports reached a historic peak of USD 14.8 billion in 2024, according to the Ministry of Defense. The surge came amid the Gaza conflict and global scrutiny, as 54% of the exports were destined for Europe—where nations are ramping up military spending due to the Russia-Ukraine war.
Nearly half of all sales involved air defense systems, including a landmark USD 3.8 billion agreement between Israel Aerospace Industries, a major Israeli defense manufacturer, and Germany for the Arrow 3 missile system—Israel’s largest defense contract to date.
Government-to-government transactions made up 54% of all exports, significantly streamlining procurement. Notably, sales to Arab countries that normalized ties under the Abraham Accords jumped from 3% to 12% year-on-year. Elbit Systems, a leading Israeli defense firm, signed a deal with Morocco worth EUR 150–200 million for ATMOS howitzers.
Read more in Ynet News.
