Israel set its fourth consecutive yearly record for defense exports in 2024, with over $14.7 billion worth of deals, the country’s Defense Ministry announced on Wednesday.
According to the ministry, the figure represents a 13% increase over the previous year. More broadly, defense exports have more than doubled over the past five years.
Notably, more than half of last year’s deals were valued at over $100 million, and 54% of the agreements were with European countries, compared to 35% in 2023.
The previous year also saw a notable increase in the export of missiles, rockets and air defense systems, which accounted for 48% of total deal volume, an increase from 36% in 2023.
The report was presented to Israeli Defense Minister Israel Katz, who attributed the achievement to the Jewish state’s recent military successes in its multi-front war.
“The world sees Israeli strength and seeks to be a partner in it. We will continue strengthening the IDF and the Israeli economy through security innovation to ensure clear superiority against any threat—anywhere and anytime,” said Katz.
