Live Update 
From the Liveblog of
Wednesday, March 29, 2017
From the Liveblog of
Wednesday, March 29, 2017
Israel’s defense exports surge to $6.5 bln in 2016
Add ToI as a Preferred Source on GoogleIsraeli military exports surged last year to $6.5 billion (some NIS 23.5 billion), a rise of 14 percent buoyed by increased defense budgets, the government says in a statement.
Total deals rose $800 million (NIS 2,896 million) compared with 2015, making the second consecutive annual rise in Israel’s military exports.
“The Israeli defense industries have won great prestige around the world, thanks to advanced quality technology,” the defense ministry says in a statement.
The ministry puts the rise in exports partly down to “increased defense budgets in the face of growing security challenges”.
–AFP
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