Israel’s global defense export market reaches $5.7 billion, attains ‘stability’

The Python 5 and Shafrir 1 missiles, developed by Israel's Rafael Advanced Defense Systems. Credit: MathKnight via Wikimedia Commons.

( Israel exported $5.7 billion worth of defense products around the world in 2015, the Israeli Defense Ministry said on Wednesday.

“We are proud of the Israeli defense industry for its achievements in the global defense export market. After a challenging year, we succeeded, through joint and determined work, to maintain stability in the scope of signed contracts,” said Michael Ben-Baruch, head of the Israeli Defense Ministry’s “Sibat” department for defense exports.

The Defense Ministry signed dozens of contracts that helped stabilize “the scope of defense exports,” according to Sibat.

Israel’s defense products are “suited to the changing security reality around the world: asymmetric warfare, the rise of precision weaponry, the use of quality intelligence collection in real-time, and minimizing harm to noncombatants,” Sibat added.

As a country, Israel is one of the world’s top 10 defense exporters.

Posted on April 6, 2016 .