ISRAEL-INDIA Business Guide Defence & HLS | 2014 - page 16

16
Israel-India Business Guide - Defence & HLS
Israel’s
Defence
Industry
Israel's Defence Sector
At the forefront of cutting edge technology, Israel defence exports had rise to
more than USD 6 billion a year, and it has become a member of the “big 5” club. An
overview of Israel’s leading Defence companies
Arie Egozi, I-HLS *
I
sraeli defence industries are big, advanced and versatile.
With defence exports of more than US$ 6 billion a year,
Israel has become a member of the “big 5” club. Defence
industries are divided into state-owned and public or
privately-held. Among the state-owned companies are Israel
Aerospace industries (IAI), Rafael and Israeli Military Industries
(IMI). There have been attempts to consolidate the state-
owned companies but this has not happened as yet.
The problem faced by the Israeli defence industries
is either simple or complicated, depending on one’s
viewpoint. On one hand, Israel’s Defence budget is
limiting the purchase of locally made systems and on the
other hand, the export market has become very difficult
mainly because of budgetary constraints.
In addition, competition has grown. Not every country
needs state-of-the-art, combat proven Israeli defence
technologies. This brings many countries to settle for less
advanced systems that also cost much less.
Defence
1...,6,7,8,9,10,11,12,13,14,15 17,18,19,20,21,22,23,24,25,26,...52
Powered by FlippingBook