financetom
Economy
financetom
/
Economy
/
Amid Gaza war, Israel defence exports jump 13% in 2024 to record $15 bln
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amid Gaza war, Israel defence exports jump 13% in 2024 to record $15 bln
Jun 4, 2025 7:19 AM

JERUSALEM, June 4 (Reuters) - Israel's defence exports

rose 13% in 2024 to a record of nearly $15 billion, led by

missiles, rockets and air-defence systems with over half the

deliveries going to European militaries, the government said on

Wednesday.

Military exports, the Defence Ministry said in a statement,

have more than doubled over the past five years, reaching nearly

$15 billion in value in 2024.

The ministry said that since the outbreak of the Gaza war on

Oct. 7, 2023, Israel's defence industries have operated in

emergency mode with round-the-clock arms production while also

maintaining manufacturing for foreign clients.

"The new record in Israeli defence exports, achieved during

a year of war, reflects more than anything else the growing

global appreciation for Israeli technology's proven

capabilities," said Defence Ministry Director-General Amir

Baram.

"Israeli systems have resonated throughout the Middle East

this past year. More nations want to protect their citizens

using Israeli defence equipment."

The ministry said there was significant growth in contracts

from Europe last year, where exports accounted for 54% of the

total, up from 36% in 2023. Asia-Pacific was next at 23% with

the United States at 9%.

Missile, rocket and air defence systems comprised 48% of

defence exports, followed by vehicles and armoured personnel

carriers at 9%, and satellites and space systems, radar and

electronic warfare, manned aircraft and avionics at 8% each.

Some 57% of contracts amounted to more than $100 million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Falls Early Friday Ahead of Home Construction, Michigan Sentiment, State Unemployment Data
US Dollar Falls Early Friday Ahead of Home Construction, Michigan Sentiment, State Unemployment Data
Aug 16, 2024
07:46 AM EDT, 08/16/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of home building data for July at 8:30 am ET and the preliminary University of Michigan consumer sentiment index for August and state-level unemployment data for July, both at 10:00 am ET. The Atlanta Federal Reserve and St....
Global money market funds draw second weekly inflow amid US economic uncertainty
Global money market funds draw second weekly inflow amid US economic uncertainty
Aug 16, 2024
(Reuters) - Global investors poured into money market and government bond funds in the week to Aug. 14, preferring to stick with lower risk assets while waiting for more clarity on the health of the U.S. economy. According to LSEG data, investors purchased a net $14.24 billion in global money market funds during the week, adding to the $97 billion...
Harris aims at stubbornly high prices
Harris aims at stubbornly high prices
Aug 16, 2024
(Reuters) - Vice President Kamala Harris' speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around her plans to lower costs and target corporate price-gouging if she is elected president, according to her campaign. Inflation has been a persistent sore spot for American consumers, overshadowing an otherwise healthy economy with a strong job market. Prices at...
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Aug 16, 2024
WASHINGTON (Reuters) -U.S. single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl's disruption of activity, but rising new housing supply could limit a rebound. The fifth straight monthly decline in homebuilding reported by the Commerce Department on Friday suggested the housing market remained depressed at the start of the third quarter. Aside from...
Copyright 2023-2025 - www.financetom.com All Rights Reserved