Israel’s defense industry booms on foreign demand and war at home
6 days, 9 hours ago

Israel’s defense industry booms on foreign demand and war at home

Live Mint  

TEL AVIV—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 ongoing military campaigns. Slovakia’s Ministry of Defense last month signed a 560 million euro deal, equivalent to $579.1 million, to acquire Israel Aerospace Industries’s Barak MX Integrated Air Defense System. Israel’s top defense companies—Elbit Systems, Rafael Advanced Defense Systems and Israel Aerospace Industries—make up about 70% of the country’s foreign defense exports, according to Israel’s Defense Ministry. On Tuesday, Israel’s Defense Ministry announced that it signed deals worth $275 million with domestic arms manufacturer Elbit to produce heavy bombs and build a new facility to manufacture raw materials needed for defense.

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History of this topic

Israel to begin local production of heavy bombs, reducing US dependence after shipment delay
1 week, 1 day ago

Israel to begin local production of heavy bombs, reducing US dependence after shipment delay

Firstpost  

The Israeli Defence Ministry on Tuesday signed two significant deals, valued at approximately $275 million, with Elbit Systems, aimed at supplying the military with thousands of heavy bombs and establishing a new facility for manufacturing raw materials, according to a report Israeli Air Force pilots prepare for airstrikes against the Iran-backed Houthis in Yemen, on December 26, 2024. Image Courtesy: …

US plans $8 billion arms sale to Israel, officials say
1 week, 3 days ago

US plans $8 billion arms sale to Israel, officials say

Hindustan Times  

US President Joe Biden's administration has notified Congress of a proposed $8 billion arms sale to Israel, two US officials said, with Washington maintaining support for its ally whose war in Gaza has killed tens of thousands. FILE PHOTO: US President Joe Biden meets with Israeli Prime Minister Benjamin Netanyahu in the Oval Office at the White House in Washington. …

‘U.S. plans $8 billion arms sale to Israel’
1 week, 3 days ago

‘U.S. plans $8 billion arms sale to Israel’

The Hindu  

The Biden administration has informally notified the U.S. Congress of a proposed $8 billion arms sale to Israel that includes munitions for fighter jets and attack helicopters, Axios reported on Friday, citing two sources. The deal would need approval from House and Senate committees and includes artillery shells and air-to-air missiles for fighter jets to defend against threats such as …

State Department notifies Congress of planned $8 billion arms sale to Israel
1 week, 5 days ago

State Department notifies Congress of planned $8 billion arms sale to Israel

CNN  

CNN — The State Department has informally notified Congress that it intends to sell $8 billion in arms to Israel, a US official and another source familiar with the matter told CNN. Israeli Prime Minister Benjamin Netanyahu last year accused the Biden administration of withholding weapons to Israel – a claim a Biden envoy called “unproductive” and “more importantly, completely …

Israel Allocates $530 Million for Iron Beam Laser Air Defense System
2 months, 2 weeks ago

Israel Allocates $530 Million for Iron Beam Laser Air Defense System

Firstpost  

Israel allocates $530 million for the development of the Iron Beam laser air defense system. The system will be used to improve the interception of drones and other projectiles fired by Hezbollah in Lebanon. Iron Beam will be a supplement to other aerial defense systems such as Iron Dome. The system is expected to enter operational service within a year.

War's Heavy Toll on Israel's Economy: A Long Road to Recovery
2 months, 3 weeks ago

War's Heavy Toll on Israel's Economy: A Long Road to Recovery

The Hindu  

The war in Israel has been expensive, with the country spending a significant amount of money on the military. This has raised concerns about the long-term effect of the fighting on the country's economy. The war has also inflicted an even heavier toll on Gaza's already broken economy, where 90% of the population has been displaced and the vast majority …

U.K. Suspends Some Arms Exports To Israel Over Risk Of Breaking International Law
4 months, 1 week ago

U.K. Suspends Some Arms Exports To Israel Over Risk Of Breaking International Law

Huff Post  

A man takes cover behind a column as an explosion propagates smoke and dust during an Israeli strike which reportedly targeted a school in the Zeitoun district on the outskirts of Gaza City, on Sept. 1, 2024. OMAR AL-QATTAA via Getty Images LONDON — U.K. Prime Minister Keir Starmer’s government said Monday that it’s suspending exports of some weapons to …

U.S. approves $20 billion weapons package for Israel
5 months ago

U.S. approves $20 billion weapons package for Israel

Raw Story  

U.S. President Joe Biden’s administration on Tuesday approved more than $20 billion in new weapons sales to Israel, brushing aside pressure from rights activists to stop arms deliveries over the death toll in Gaza. On the tank cartridges, the United States said the sale “will improve Israel’s capability to meet current and future enemy threats, strengthen its homeland defense and …

US approves $20 billion weapons package for Israel amid tensions in Middle East
5 months ago

US approves $20 billion weapons package for Israel amid tensions in Middle East

India Today  

The US has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, Advanced Medium Range Air-to-Air Missiles, or AMRAAMs, 120 mm tank ammunition and high explosive mortars and tactical vehicles and comes …

US approves $20 billion in weapons sales to Israel amid threat of wider Middle East war
5 months ago

US approves $20 billion in weapons sales to Israel amid threat of wider Middle East war

Associated Press  

WASHINGTON — The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, Advanced Medium Range Air-to-Air Missiles, or AMRAAMs, 120 mm tank ammunition and high explosive mortars and tactical vehicles …

U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war
5 months ago

U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war

LA Times  

The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, advanced medium range air-to-air Mmissiles, 120-millimeter tank ammunition and high explosive mortars and tactical vehicles. It comes at a time …

US releases $3.5 billion to Israel to spend on US weapons and military equipment, months after Congress appropriated
5 months ago

US releases $3.5 billion to Israel to spend on US weapons and military equipment, months after Congress appropriated

CNN  

CNN — The US is set to provide Israel with $3.5 billion to spend on US weapons and military equipment, releasing the money months after it was appropriated by Congress as tensions continue to rise between Israel and Iran, multiple officials familiar with the matter told CNN. The State Department notified lawmakers on Thursday night that the Biden administration intended …

The EU’s support for Israel makes it complicit in genocide
6 months, 1 week ago

The EU’s support for Israel makes it complicit in genocide

Al Jazeera  

It has been nine months since the start of Israel’s genocidal war on Gaza, which has killed more than 38,000 Palestinians, injured more than 86,000, and displaced more than 1.9 million. According to figures from the European External Action Service’s COARM database, between 2018 and 2022, EU member states sold arms worth 1.76 billion euros to Israel. European public money …

Israel breaks arms sales record for 3rd consecutive year
6 months, 4 weeks ago

Israel breaks arms sales record for 3rd consecutive year

Firstpost  

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 Eleven percent of arms sales went toward the export of radar and …

What are arms sales to Israel worth – and could they be stopped?
9 months, 1 week ago

What are arms sales to Israel worth – and could they be stopped?

The Independent  

If Britain were to suspend arms sales to Israel, it would be joining Canada, the Netherlands, Japan, Spain and Belgium, who have already done so with broad overall public support. Peter Ricketts, a former senior diplomat who chaired the Joint Intelligence Committee during the Blair government, is of the view that Washington may now reconsider its military links with Israel, …

Canada halting arms shipments to Israel: govt official
9 months, 3 weeks ago

Canada halting arms shipments to Israel: govt official

The Hindu  

Canada will halt all arms shipments to Israel, a government official told AFP on Tuesday, a decision that has drawn the ire of Israel as it faces growing international scrutiny over its war in the Gaza Strip. Canada's foreign minister Melanie Joly told the Toronto Star newspaper on Tuesday that Ottawa would stop future arms exports to Israel. Israel has …

ICJ ruling in Gaza genocide case renews calls to end Israel arms transfers
11 months, 2 weeks ago

ICJ ruling in Gaza genocide case renews calls to end Israel arms transfers

Al Jazeera  

Advocates urge countries to suspend arms sales to Israel after top UN court says risk of genocide in Gaza plausible. But the ruling “goes beyond Israel” alone, Jarrar told Al Jazeera, as it highlights countries’ legal and political obligations to take action to prevent the alleged genocide unfolding in Gaza. “The US can’t and should not continue its arms transfers …

Dirty secret of Israel’s weapons exports: They’re tested on Palestinians
1 year, 1 month ago

Dirty secret of Israel’s weapons exports: They’re tested on Palestinians

Al Jazeera  

Weapons tested in each war Israel wages see a spike in global demand. It’s a claim echoed by Mark Regev, Netanyahu’s former spokesperson, for the country’s overall approach to its war on Gaza, in which, he has said, Israel is “trying to be as surgical as humanly possible”. The new “Nizoz” surveillance drone manufactured by Rafael, a state-owned weapons contractor …

Israel announces ‘historic agreement’ to sell air defence system to Finland
1 year, 2 months ago

Israel announces ‘historic agreement’ to sell air defence system to Finland

Live Mint  

Despite the ongoing war with Hamas fighters from Gaza, Israel Prime Minister Benjamin Netanyahu's cabinet minister announced a 317 million euro deal for the sale of its David's Sling air defence system to new NATO member Finland. The announcement comes after Israel in September signed a $3.5-billion deal -- the biggest ever for the small country's outsized arms sector -- …

IDF equipment: The full firepower Gaza faces if Netanyahu launches invasion
1 year, 2 months ago

IDF equipment: The full firepower Gaza faces if Netanyahu launches invasion

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The Merkava tank is a main weapon we’ve seen …

Israel-Hamas War: US defense stocks rocket while Israel-based stocks tank global
1 year, 3 months ago

Israel-Hamas War: US defense stocks rocket while Israel-based stocks tank global

Live Mint  

Stock traders sent defense companies surging in US markets as an attack on Israel from the Gaza-based militant group Hamas renewed Wall Street’s focus on the security industry. Shares of arms makers — including Northrop Gruman Corp, L3Harris Technologies Inc., Huntington Ingalls Industries Inc., Lockheed Martin Corp. and General Dynamics Corp. — led gains in the S&P 500 Index on …

Israel clinches largest-ever defense deal with Germany for $3.5 billion after securing US approval
1 year, 4 months ago

Israel clinches largest-ever defense deal with Germany for $3.5 billion after securing US approval

Associated Press  

JERUSALEM — Israel’s Defense Ministry said Thursday it has secured its largest-ever defense deal selling a sophisticated missile defense system to Germany for $3.5 billion after the United States approved the deal. “Seventy-five years later, the Jewish state gives Germany — a different Germany — the tools to defend itself.” The sale still requires additional procedural steps by both Israel …

Israel to buy new fleet of F-35 fighter jets financed by US aid
1 year, 6 months ago

Israel to buy new fleet of F-35 fighter jets financed by US aid

Al Jazeera  

Israel remains the only country in the Middle East to have the world’s most advanced fighter jet in its arsenal. Israel will buy its third fleet of F-35 stealth fighter jets in a deal worth $3bn that will be financed through US military aid, according to the Israeli military. Israel’s Ministry of Defence approved the purchase on Sunday, with the …

Arms Sales of Top Indian Defence Firms Slipped by 6.9% Despite Rise in Global Weapon Demand: Report
5 years, 1 month ago

Arms Sales of Top Indian Defence Firms Slipped by 6.9% Despite Rise in Global Weapon Demand: Report

News 18  

Stockholm: The combined sales of three public sector Indian defence companies that figure among the world's 100 top arms suppliers dropped by 6.9 per cent to stand at USD 5.9 billion in 2018 despite a rise in the global weapons sales, according to a new report published by a leading Swedish think tank. The combined arms sales of the three …

There's A Growing Sore Spot In Israeli-U.S. Relations: China
5 years, 4 months ago

There's A Growing Sore Spot In Israeli-U.S. Relations: China

NPR  

There's A Growing Sore Spot In Israeli-U.S. Relations: China Enlarge this image toggle caption Jack Guez/AFP/Getty Images Jack Guez/AFP/Getty Images The Trump administration has shown unwavering support for the Israeli government, except for one major criticism: China's growing influence in the Israeli economy. China is Israel's largest trading partner in Asia and its third-largest worldwide, after the European Union and …

India signs new 777 million USD defence deal with Israel for Barak 8 missiles
6 years, 2 months ago

India signs new 777 million USD defence deal with Israel for Barak 8 missiles

Op India  

Israel Aerospace Industries has been awarded an additional $777 million contract to supply LRSAM air and missile defense systems to seven ships in the Indian navy. On signing this latest deal, the sales of the Barak 8 over the past few years itself have crossed over $6 billion, according to IAI, whose partnership with India dates back to many years. …

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