Israel's defense contracts, including deliveries to be spread over several years, reached $5.1 billion in 2007, up from $4.8 billion in 2006 and $3.4 billion in 2005. Defense exports for signed contracts already paid for rose to $2.8 billion in 2007. Israel is the world's fourth largest defense exporter, after the US, Russia, and France.
Exports account for 70-75% of the defense industry's total output. The industry has about 100,000 employees.
The US continues to be Israel's main defense export market, followed by Western Europe, Asian countries, and Eastern Europe.
Land systems are the largest defense export, including tank target acquisition and firing systems, armor kits, and anti-tank missiles. Aviation and air combat systems are the second largest defense export, including avionics and missiles.
Published by Globes [online], Israel business news - www.globes-online.com - on April 22, 2008
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