WhatFinger

Broad-scale armament is currently underway in Poland, Romania, Estonia, Finland, and Hungary, and Israel is benefiting from it

Europe’s Challenges Open the Market for Israel’s Arms Industry


By -- Elai Rettig, Yotam Rosner—— Bio and Archives--August 21, 2017

World News | Comments | Back To Full Article

In the past few years, the European demand for arms has increased due to the significant security challenges that have developed throughout the continent. This trend has also resulted in a marked increase in Israeli defense exports to European countries, which is expected to continue in the years to come, especially to Eastern Europe. This development requires that Israel act cautiously—among other reasons—in order to avoid a direct diplomatic clash with Russia, which is the primary reason for the current European armament. In 2015, Europe became the second largest destination for Israeli arms exports as the scope of European defense deals with Israel more than doubled—from $724 million in 2014 to $1.6 billion in 2015. This trend continued in 2016, as Israel’s defense exports to European countries reached $1.8 billion, far exceeding its transactions with the countries of North America ($1.265 billion), Latin America ($550 million), and Africa ($275 million) but still less than its defense exports to the countries of Asia ($2.6 billion).
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