Defense Industry Is Booming in Israel

Regional war, quest for aerial-defense systems fuel a surge despite embargoes

- Dov Lieber

After a year marked by war and calls for isolating Israel on the world stage, its defense industry is on track to sell more weapons than ever in its history, spurred by foreign demand for its aerial-defense systems and significant government spending aimed at funding Israel's military campaigns.

The surge in weapons sales for Israel's top three defense companies among the world's top 10 defense exporters comes amid widespread arms embargoes on Israel, from even some of its allies. Other countries have suspended their acquisition of Israeli arms over the Gaza war.

The success of Israel's aerial-defense technology such as the Iron Dome or its defensive systems for tanks over more than 15 months of war has drawn in foreign buyers who have seen how its weaponry has been tested on the battlefield.

Slovakia's Ministry of Defense in December signed a 560-million-euro, or $579.1 million, deal to acquire Israel Aerospace Industries's Barak MX Integrated Air Defense System. It "is very important that the selling country is experienced in using the capability they offer us," the ministry said.