Israel Defense Exports Hit $14.8B Amid Gaza War

Israel's defense exports hit a record $14.8 billion in 2024, more than doubling over five years and marking four consecutive years of growth. European countries accounted for 54% of sales, with Germany alone purchasing a $4.6 billion Arrow system as the continent rearmed in response to security threats. Missiles, rockets, and air-defense systems comprised 48% of exports, with notable growth in satellite and space systems. The ongoing Gaza war has prompted Israel's defense industries to operate in emergency mode since October 2023, balancing urgent domestic needs with robust foreign demand. Despite increased European criticism and actions such as Spain freezing a Rafael anti-tank missile contract, Israel's 'battle-tested' technologies have attracted strong global interest. The export boom has become a key pillar of Israel's economy and cements its role in the global defense market.