Israeli arms sales hit new military record
News
11:22 12 Apr, 2022
Israeli arms sales reached a new record in last year
Israeli arms sales reached a new record in last year, according to Defense Ministry, with officials citing a sharp increase in demand for Israeli-made weapons, Qazet.az reports according to Times of Israel.
The ministry’s International Defense Cooperation Directorate, known as SIBAT, said defense exports totaled $11.3 billion last year, up from $8.3 billion in 2020. Exports previously hit a record high of $9.2 billion in 2017 owing to several large deals.