Of this 12.5 billion dollars, approximately three billion are revenues from arms exports to Arab countries.
By 2022, Israel’s revenue from arms exports to other countries will reach $12.5 billion. This was reported by Newsru.co.il in relation to the country’s Ministry of Defense.
It is noted that this is a record for Israel’s annual income from arms exports.
The Ministry of Defense emphasized that the volume of arms exports from Israel over the past three years has increased by 50%.
About 120 Israeli defense companies signed hundreds of new contracts last year. Of this 12.5 billion, approximately three billion are revenues from arms exports to Arab countries.
About a quarter of arms export contracts to foreign armies are contracts for the supply of attack and reconnaissance drones.
It was previously reported that Israel will transfer 20 PULS multiple launch rocket systems to the Netherlands.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.