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Last update - 00:00 30/05/2008
Defense official: Israeli exports over last two years worth $10B
By The Associated Press
Tags: defense exports, israel

Private and state-owned Israeli defense manufacturers have
signed overseas sales contracts worth around $10 billion over the past two years, a senior defense official said Thursday.

Yossi Ben-Hannan, chief of export sales at the Defense Ministry, told The Associated Press that the biggest clients were the United States and India, accounting between them for about $3 billion in deals signed over the past year. He did not give a breakdown.
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Israel said last year that with $4.3 billion in sales in 2007 it had became the world's fourth largest defense exporter, behind the United
States, Russia and France and ahead of Britain.

Ben-Hannan said the trade gives a valuable boost to Israel's economy.

Every billion dollars in new contracts creates another 20,000 jobs, he said.

Israel exports mostly radar systems, drones and anti-tank missiles to India, Turkey, Britain, the United States and other countries.

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      3.   Good for Israel, going head to head with the best 23:57  |  Genuine Tosefta 29/05/08
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