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Netanyahu Blasts Biden Admin For ‘Withholding’ Weapons From Israel In Harshest Criticism Yet: ‘Inconceivable’ (www.forbes.com)

submitted 2 weeks ago by return2ozma@lemmy.world to c/world@lemmy.world

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[-] FlyingSquid@lemmy.world 33 points 2 weeks ago

Israel can support itself. This is a huge con.

The defense industry of Israel is a strategically important sector and a large employer, as well as a major supplier of the Israel Defense Forces. The country is one of the world's major exporters of military equipment, accounting for 10% of the world total in 2007. Three Israeli companies were listed on the 2022 Stockholm International Peace Research Institute index of the world's top 100 arms-producing and military service companies: Elbit Systems, Israel Aerospace Industries and RAFAEL.[1] It is also a major player in the global arms market with a 2.3% share of the global exports of major arms as of 2023.[2] Total arms transfer agreements topped $12.9 billion between 2004 and 2011.[3] There are over 150 active defense companies based in the country with combined revenues of more than $3.5 billion annually.[4] Israeli defense equipment exports reached $7 billion in 2012, making it a 20 percent increase from the amount of defense-related exports in 2011. With the war in Ukraine, arms exports reached $12.5 billion in 2022.[5] Much of the exports are sold to the United States and Europe. Other major regions that purchase Israeli defense equipment include Southeast Asia and Latin America.[6][7][8] India is also major country for Israeli arms exports and has remained Israel's largest arms market in the world.[9][10]

https://en.wikipedia.org/wiki/Defense_industry_of_Israel

[-] TheFonz@lemmy.world 2 points 2 weeks ago

This is correct and I wish was more widely known.

this post was submitted on 18 Jun 2024

266 points (91.6% liked)

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