Israeli defense exports hit record high

Israel sold some $7.5 billion in defense products in 2012 – a record high – the Defense Ministry revealed on Tuesday, but officials voiced concerns that the coming year could see a slump in sales. Speaking to reporters at the Defense Ministry in Tel Aviv, Brig.-Gen. (res.) Shmaya Avieli, director of Defense Export and Defense Cooperation (known by its Hebrew acronym, “Sibat”), pointed to an ongoing economic downturn as one factor for decreased projected sales.

See the full article at The Jerusalem Post