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Source: https://en.globes.co.il/en/article-israels-defense-exports-hit-new-record-in-2024-1001512004
Israel's Defense Exports Hit New Record in 2024, Half Went to Europe
(Globes) Dean Shmuel Elmas - In a year of war, Israel's defense industry achieved a record $14.795 billion in defense exports in 2014, up 11.7% from 2023 and double the amount five years ago, the Israel Ministry of Defense reported. The proportion of Israeli defense exports to Europe jumped from 35% to 54%, due to the Russia-Ukraine war. Global demand is led by air defense systems. Israel's success in dealing with the unprecedented Iranian attacks in April and October 2024 has positioned its defense industry as a focus for growing international demand in the field. 48% of Israeli defense exports in 2024 were air defense systems. These figures do not reflect the international interest in Israel's Iron Beam laser-based air defense system.