Israel becomes the world's sixth biggest weapons exporter with $2.4 billion contracts in 2012 260613
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Defence & Security News - Israel
|Wednesday, June 26, 2013 05:58 PM|
|Israel becomes the world's sixth biggest weapons exporter with $2.4 billion contracts in 2012.|
Israel is ranked as the world's sixth biggest weapons exporter, according to a ranking issued by the IHS Jane's Company, an information company majoring in the military-defense field, Ha'aretz daily reported on Tuesday, June 25, 2013.
IAI Israel Aerospace Industries booth at Paris Air Show 2013.
According to the company's assessment, Israel has sold 2.4 billion U.S. dollars' worth of weapons in 2012. The United States is ranked at the top of the list with weapons deals accumulating to more than 28 billion U.S. dollars in 2012.
The report charges that Israel's defense-related exports grew by 74 percent from 2008 to 2012, mainly due to weapon deals signed with India, one of Israel's biggest weapons client.
The company also charges that Israel is among the world's top exporters of Unmanned Aerial Vehicles (UAV).
The report, which has been issued annually since the global economic crisis of 2008, has analyzed 34,000 weapons requisite plans.
According to estimates published in January by the Israeli Defense Ministry, Israel's defense-related exports reached 7 billion U.S. dollars in 2012, a 20 percent increase from the 2011 figures.
According to a report issued by the U.S. Congressional Research Service, Israel's arms exports between 2004 and 2011 culminated with sales worth 12.9 billion dollars.