Israel defense exports hit record $13.1 billion in 2023

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Israeli defense exports rose to a record $13.1 billion in 2023, a government report said on Monday, citing hundreds of contracts signed at various defense firms.

Some 36 percent of exports came from missile, rocket and air defense systems, followed by radar and electronic warfare, weapon stations and launchers at 11 percent each, with crewed aircraft and avionics at 9 percent, the Defense Ministry said.

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Defense exports, which totaled $12.5 billion in 2022, have doubled over the past five years.

The ministry said defense exports had become a central priority as part of an effort to strengthen security-strategic relations worldwide, enter new markets, remove bureaucratic barriers and reduce regulation.

“While our industries are primarily focused on providing the defense establishment with the capabilities to support our troops and defend our citizens ... they are also continuing to pursue areas of cooperation and exports to international partners,” said Defense Minister Yoav Gallant.

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