from the June 2007 issue

Defense exports up 25% in 2006 to over $3b.

Israel's defense exports exceeded $3 billion in 2006, says SIBAT - Foreign Defense Assistance and Defense Export Organization. Defense exports were 25% greater than in 2005.

For the first time, defense contracts signed in a single year exceeded $5 billion in 2006, 10% more than in 2005. Defense exports and contracts have doubled within a decade. SIBAT director general Maj.-Gen. (res.) Yossi Ben-Hanan said these were record numbers for Israel's defense industry.

The Ministry of Defense said that the boom in defense exports strengthened Israel's position as one of the world's top six defense exporters, after the US, Russia, France, UK, and Germany.

Reprinted from the Israel High-Tech & Investment Report June 2007

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