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Israel’s arms sales jump to all-time high of $12.5 billion in 2022

Israel's arms sales hit all-time high of $12.5 billion in 2022, according to the country's defense ministry on Wednesday. A ministry statement said that the arms sales have more than doubled since 2014, and jumped by 50% in the past three years. The ministry said the Russian war on Ukraine has increased the demand for the Israeli-made weapons in Europe. There was a significant demand for Israeli weapons by Arab countries that signed normalization deals with Israel in 2020, the statement said. Four Arab countries - the United Arab Emirates, Bahrain, Sudan and Morocco - signed US-sponsored agreements to normalize relations with Israel in 2020. According to the ministry, the Israeli arms exports to the Arab nations within the normalization deals have reached $3 billion. The statement classified the Israeli arms exports as 25% for drone systems, 19% for missiles and air defense systems, 13% for radar systems and electronic warfare systems, and 6% for cyber-intelligence systems. The other sales included manned aircraft, avionics, observation systems, weapons launchers, communication systems, vehicles, maritime systems, ammunition and other services.

Source: Anadolu Agency