Profits of Israeli defense firms surged in 2024.

Profits of Israeli defense firms surged in 2024.

Israel’s Defense Exports Surge in 2024

In 2024, the value of Israel’s defense exports soared by 13% compared to the previous year, reaching an impressive total of nearly $15 billion. This increase can be attributed to the booming revenues generated by Israeli arms manufacturers, who are promoting many products as “battle-tested,” particularly in light of their use during the recent conflict in Gaza.

Export Overview

The latest figures from the Israeli government, released in June, indicate that the country’s defense exports were primarily composed of missiles, rockets, and air-defense systems. Notably, over half of these deliveries in 2024 were directed toward European militaries, while shipments to the Asia-Pacific region—particularly India—also saw significant growth. Israel continues to rank among the top ten arms exporters globally.

Controversial Context

This substantial increase in arms revenues comes in the midst of serious allegations against Israel, including accusations of genocide brought by South Africa at the International Court of Justice. The International Criminal Court has also issued arrest warrants for key Israeli officials, including Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, for purported war crimes.

“Israel sells the idea of getting away with it,”

– Antony Loewenstein, author of The Palestine Laboratory

Global Appeal of Israeli Technology

Antony Loewenstein noted that many countries find the notion of procuring Israeli military technology appealing. Additionally, Shir Hever, an expert in Israeli arms trade, commented on the legal implications of these transactions, emphasizing that countries purchasing Israeli weapons are generally aware they might be violating international law.

“They know that genocide is taking place, and third countries have a legal obligation not to engage in trade with nations committing war crimes,” Hever stated.

Impact on Palestinian Lives

As Israeli arms companies thrive, the human cost of the ongoing conflict is evident. Survivors in Gaza recount harrowing tales of loss. Kareem al-Birawi shared his traumatic experience, detailing the death of his mother and three siblings in a drone strike at the Osama Ben Zaid School in Jabalia. He vividly recalls the moment of the attack:

“I saw the drone enter the room. There was a red flash, then smoke came out. After that, there was an explosion and fire. My mum and aunt were screaming. Then they all went silent.”

Surveillance State

In addition to weaponry, Israeli defense exports also encompass advanced technologies like artificial intelligence and surveillance tools, including facial recognition systems used extensively in Gaza and the occupied West Bank. Ahmad Lubbad, a Palestinian who was recently released after detention, described the invasive nature of Israeli surveillance. During his captivity in December 2023, he learned that Israeli soldiers accessed personal information about his family and acquaintances.

“After what I went through in interrogation, I am convinced we are monitored constantly. We are totally exposed,” Lubbad expressed.

Regional Demand Growth

According to Israel’s Ministry of Defence, demand from Europe saw massive growth in 2024, with European exports jumping to 54% of total defense sales, up from 36% in 2023. The Asia-Pacific region followed closely at 23%, while the United States accounted for 9% of exports. Despite this increasing demand, some countries, including Spain, have begun to impose restrictions on arms imports from Israel.

Conclusion

The rise in Israel’s defense exports in 2024 reflects a complex interplay of global demand, technological advancements, and ongoing geopolitical conflicts. As Israeli manufacturers profit, the human narratives of loss and suffering continue to highlight the stark realities of such transactions.

  • Israel’s defense exports reached nearly $15 billion in 2024, a 13% increase from the previous year.
  • Missiles, rockets, and air-defense systems comprised the majority of exports.
  • European militaries accounted for over half of the defense deliveries.
  • Allegations of genocide and war crimes shadow Israel amid its burgeoning arms trade.

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