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 >
Fed's Schmid says no urgency to cut interest rates but more data to come
Fed's Schmid says no urgency to cut interest rates but more data to come
Aug 21, 2025
JACKSON, Wyoming (Reuters) -Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape. I think we're in a really good spot and I think we really have to have very definitive data to be moving that...
Factbox-How Fed Chair Powell has used Jackson Hole to signal what's next
Factbox-How Fed Chair Powell has used Jackson Hole to signal what's next
Aug 21, 2025
(Reuters) -One last time since President Donald Trump nominated him to lead the U.S. central bank in late 2017, Federal Reserve Chair Jerome Powell on Friday will walk through the Jackson Lake Lodge's expansive lobby, past the taxidermied grizzly bear, and into a ballroom lighted with elk-antler chandeliers to deliver a speech at the global central bankers' influential symposium in...
Fed's expansive experiment in strategy to get a reboot at Jackson Hole
Fed's expansive experiment in strategy to get a reboot at Jackson Hole
Aug 21, 2025
JACKSON, Wyoming (Reuters) -The U.S. Federal Reserve's pivot toward the labor market in 2020 will get a reboot on Friday when Fed Chair Jerome Powell is expected to release a new framework for the central bank that accounts for a half-decade in which inflation surged, jobs were plentiful, and uncertainty became the watchword. The new document may not completely discard...
Fed Minutes Reveal Hawkish Officials Still In Control: Economist Says 16% Effective Tariffs Put Inflation 'On The Front Burner'
Fed Minutes Reveal Hawkish Officials Still In Control: Economist Says 16% Effective Tariffs Put Inflation 'On The Front Burner'
Aug 21, 2025
Recently released minutes from the Federal Reserve's July meeting confirm that officials favoring a tough stance on inflation remain in control, opting to hold interest rates steady as they monitor the economic impact of tariffs. Hawkish Stance Fueled By Greater Inflation Risks? A majority of the committee's participants judged that the upside risk to inflation was the greater of its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved