Middle East defense industry flexes its muscles with nine firms in SIPRI’s Top 100
Companies from Israel, the UAE and Turkey made an estimated $31 billion in arms revenue in 2024, according to a new report.
Companies from Israel, the UAE and Turkey made an estimated $31 billion in arms revenue in 2024, according to a new report.
The Iron Dome money comes as a result of a $8.7 billion aid package passed by the US Congress in April 2024, which included $5.2 billion for air defense assets.
Yoav Tourgeman, the CEO and president of Rafael, told Breaking Defense that he's not concerned about sales to Europe being heavily impacted by politics.
The company said the weapon combines “high-speed transit, seeker precision and mission persistence for contested operational environments."
The Israeli MoD called today’s news a “global technological and engineering breakthrough.”
“This agreement represents a shared commitment to advancing battlefield survivability for next-generation armored platforms,” said Tzvi Marmor, Rafael’s executive vice president and head of land and naval systems division, according to a company announcement.
Explore how networked warfare, AI, and 3D-printed drones are reshaping US Indo-Pacific strategy.
The total amount of the deal will be worth more than $2.3 billion, according to an official statement.
The Israeli government called the move an “outrageous and unprecedented decision” which “reeks of policy-driven and commercial considerations."
IAI, Rafael and Elbit are moving forward with showcasing their wares at the Paris Air Show this week.
Israeli firm Rafael will show off three different laser defenses at Le Bourget.
At Greece's DEFEA conference, Israeli firms were a notable presence.
In addition to C-DOME and the Typhoon gun, which are both kinetic interceptors, Rafael is looking to sell its Iron Beam laser weapon to navies around the world.
Bullseye will leverage the design of Rafael's Ice Breaker missile.
The Israeli firm has been pushing the weapon as a counter-drone solution amid high demand for ways to defeat the relatively cheap but deadly munitions.