Israel Concludes 2016 with $6.5 Billion in New Defense Export Contracts
SIBAT Director, Mishel Ben Baruch: "The increase in the volume of new contracts signed expresses a global trend of pulling out of the recession, and increased defense budgets in the face of growing security challenges"
IsraelDefense
| 29/03/2017
SIBAT Director, Brig. Gen. (res.) Mishel Ben Baruch (Photo: Meir Azulay)
The International Defense Cooperation Directorate at the Ministry of Defense (SIBAT) marks the second consecutive year of increased defense export contracts. The data show that Israel's defense industries signed $6.5 billion in new contracts throughout 2016. This is an increase of $800 million (+14%) from the previous year.
With the help of SIBAT and other Ministry of Defense departments, the Israeli defense industries succeeded in signing dozens of significant contracts which allowed for the continued trend of strengthening Israel's place in the global defense market.
SIBAT Director, Brig. Gen. (res.) Mishel Ben Baruch: "The increase in the volume of new contracts signed expresses a global trend of pulling out of the recession, especially in Europe and North America, and increased defense budgets in the face of growing security challenges. The Israeli defense industries have won great prestige around the world, thanks to advanced quality technology. We are proud to conclude a challenging and successful year for the Israeli defense industry. We succeeded in working together to bring about a significant increase in the volume of defense exports."
Form of Technology: Aircraft and aerial system improvements (20%); observation and optronics (18%); aerial defense (15%); ammunition and weapons stations (13%); radars and EW (12%); information and intelligence (8%); UAVs (7%); telecommunications (4%); maritime (1%); other (2%).
Geographical Distribution (in millions $): Asia and the Pacific- 2,611, Europe- 1,795, North America- 1,265, Latin America- 550, Africa- 275.
SIBAT Director, Mishel Ben Baruch: "The increase in the volume of new contracts signed expresses a global trend of pulling out of the recession, and increased defense budgets in the face of growing security challenges"
The International Defense Cooperation Directorate at the Ministry of Defense (SIBAT) marks the second consecutive year of increased defense export contracts. The data show that Israel's defense industries signed $6.5 billion in new contracts throughout 2016. This is an increase of $800 million (+14%) from the previous year.
With the help of SIBAT and other Ministry of Defense departments, the Israeli defense industries succeeded in signing dozens of significant contracts which allowed for the continued trend of strengthening Israel's place in the global defense market.
SIBAT Director, Brig. Gen. (res.) Mishel Ben Baruch: "The increase in the volume of new contracts signed expresses a global trend of pulling out of the recession, especially in Europe and North America, and increased defense budgets in the face of growing security challenges. The Israeli defense industries have won great prestige around the world, thanks to advanced quality technology. We are proud to conclude a challenging and successful year for the Israeli defense industry. We succeeded in working together to bring about a significant increase in the volume of defense exports."
Form of Technology: Aircraft and aerial system improvements (20%); observation and optronics (18%); aerial defense (15%); ammunition and weapons stations (13%); radars and EW (12%); information and intelligence (8%); UAVs (7%); telecommunications (4%); maritime (1%); other (2%).
Geographical Distribution (in millions $): Asia and the Pacific- 2,611, Europe- 1,795, North America- 1,265, Latin America- 550, Africa- 275.
