Iron Dome test (Rafael PR pic)
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top 5 stories about Israeli defense contractor business deals for 5783.
Israel is not called Startup Nation for nothing, but it is also known for its cutting edge defense technologies industry. In fact, it has led the world with such tech, like the vaunted Iron Dome anti-missile defense system, for the entire length of its short history. S a small nation surrounded by hostile enemies with few, if any, natural resources, Israel had no choice but to innovate in the field of national defense.
Israel Set New Record in Defense Exports: Over $12.5 Billion In 2022
Israeli defense exports have doubled in less than a decade and increased by 50% in 3 years. In June, the Director General of the Israel Ministry of Defense, Maj. Gen. (Res.) Eyal Zamir and Director of the IMOD International Defense Cooperation Directorate (SIBAT), Brig. Gen. (Res.) Yair Kulas, announced a record $12.546 billion in Israeli defense exports for the year of 2022. Around one-quarter of the agreements signed in 2022 were for UAVs and drones – the latest biggest thing.
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2022 marked the second consecutive record-breaking year in the scope of defense agreements for Israel. Around 120 Israeli defense industries signed hundreds of significant defense contracts around the world with the help and support of the Israel Ministry of Defense, including mega-deals amounting to hundreds of millions of dollars… Read more here
Israel Aerospace Industries: 2022 ‘Best Year Since Inception’ With $5 Billion In Sales
In March, Israel Aerospace Industries (IAI) – a major defense contractor – reported almost $5 billion in sales for 2022. This, said IAI, made last year its best since the company’s inception.
Some observers cited the ongoing war in Ukraine as one of the reasons for the increase. But there was also a significant increase in demand all over the world for Israel’s advanced anti-missile system known as the Iron Dome, which IAI works on. And there is also its Arrow III anti-missile missile that the US has approved the sale of to Germany. Israel develops such tech in coordination with the US… Read more here
$4.3 Billion Arrow Missile Sale to Germany Got U.S. Approval
In August, the $4.3 billion deal to sell Israel’s Arrow-3 missile, part of Israel’s vaunted Iron Dome missile defense system, to Germany, the largest such defense deal in Israel’s history, was approved by the U.S. government. American approval is required for any deal involving the sale of Iron Dome related technologies because the U.S. is partnered with Israel in its development.
Germany became the first foreign nation to acquire this Israeli technology and, expects to take possession of the Arrow-3 by the end of 2025… Read more here
Elbit Systems Awarded $410 Million Romanian Contract
Last December, Elbit Systems Ltd. was awarded a framework contract with a maximum value of approximately $410 million (approximately 1.89 billion Romanian Lei) to supply up to seven “Watchkeeper X” tactical unmanned aircraft systems (UAS) for the Romanian Ministry of National Defense, with a validity of five years. No specific purchase order under the contract was awarded yet.
The Watchkeeper X UAS is the UK export variant of the British army made by UAV Tactical Systems Limited (“U-TacS”), Elbit Systems’ UK subsidiary, and is a derivative of the Hermes UAS family. The Watchkeeper X’ compatibility with NATO standards enables essential interoperability with NATO and other allied forces… Read More Here
Israel Ministry of Defense Inaugurated First-Ever National Pavilion At Abu Dhabi Defense Exhibition
For the first time in history, in February Israel had its own pavilion at the Abu Dhabi Defense Exhibition in the United Arab Emirates. The Israel Ministry of Defense inaugurated the first-ever national pavilion at the “IDEX” defense exhibition. The ministry said that the participation in IDEX was part of joint efforts to “strengthen defense relations” with the Abraham Accords countries.
SIBAT, the Israel Ministry of Defense’s International Defense Cooperation Directorate, led the delegation of Israeli defense industries that participated in the event. The national pavilion was inaugurated by the Head of SIBAT, Brig. Gen. (Ret.) Yair Kulas, together with additional senior officials… Read more here
