Sunday, August 27, 2023

Israel profits from global arms shopping spree - Globes

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"... US had approved the sale of the Arrow 3 missile defense system to Germany for $3.3 billion - Israel's biggest ever weapons system deal. To put matters into proportion, the entire revenue in the first half of 2023 of Israel Aerospace Industries (IAI), the lead company in the project, was $2.5 billion.
Israel's defense exports climbed to a record $12.5 billion of new contracts signed in 2022, up from $11.3 billion in 2021, which was also a record, and in the coming years the country's biggest defense companies expect this figure to grow. ...
In 2022, Israel's three largest defense companies jumped in the 2023 rankings of "Defense News" Top 100 Defense Companies in the world. Elbit Systems Ltd. ... rose from 31 to 21, IAI rose from 37 to 29 and Rafael Advanced Defense Systems rose from 41 to 34. ..."

Israel profits from global arms shopping spree - Globes Israeli defense firms are outperforming overseas rivals and reporting record orders due to their advanced, innovative technologies.

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