Headline : Israel breaks arms sales record for 3rd consecutive year

Read more from the original article on here at www.firstpost.com.

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The International Defense Cooperation Directorate, or SIBAT, of the Israeli Defense Ministry revealed numbers on Monday indicating that defense exports reached $13 billion in 2022, surpassing the previous record high of $12.5 billion in 2022. That amount varied from $7.5 billion to $8.5 billion in 2018 and 2020 read more

For the third year in a row, Israeli arms sales set a new annual high in 2023, virtually doubling the value of exports from the previous five years.

The International Defense Cooperation Directorate, or SIBAT, of the Israeli Defense Ministry revealed numbers on Monday indicating that defense exports reached $13 billion in 2022, surpassing the previous record high of $12.5 billion in 2022. That amount varied from $7.5 billion to $8.5 billion in 2018 and 2020.

Following the start of hostilities on October 7, the Defense Ministry declared that it had gone into “emergency mode.” Defense contractors were called upon to contribute to the war effort by producing weapons and equipment for the Israel Defense Forces around-the-clock in addition to fulfilling orders from overseas customers.

Read more from the original article on here at www.firstpost.com.

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