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Israel says military exports hit $8.3 bn in 2020.

 


Israel says military exports hit $8.3 bn in 2020.

Israeli military exports reached $8.3 billion in 2020, buoyed by a 15 percent spike in the number of agreements signed compared with the previous year, the government announced Tuesday.

Despite fears the coronavirus pandemic would impact 2020 sales, Israel cited new markets in allowing sales jumping $1 billion from 2019.

It’s the second-highest sales figure ever, behind 2017, when the total hit $9.2 billion.

“During the past year, we have worked intensively to deepen government agreements and cooperation with our partners around the world, and we will continue to do so,” Defence Minister Benny Gantz was quoted as saying in a statement from his office.

As in previous years the bulk of the military exports went to countries in Asia and the Pacific region, the ministry statement said.

The government figures said radar and early warning systems along with ammunition and armament each contributed 16 percent of sales, while manned aircraft and avionics accounted for 13 percent, as did observation and optronics.

Missiles, rockets and air defence systems sales contributed 10 perc

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