Saturday, June 18, 2011

Israel arms exports up

Posted by-Neelam Mathews

June 18, 2011

Israel's arms exports were up to $7.2 billion in exports in 2010, from $6.9 billion in 2009, making it among the world's top four arms exporters, a local newswire reports. In addition, $2.4 billion was sold  to Israel's military.
The Israelis are hoping to secure big-ticket deals at the Paris Air Show at the Le Bourget exhibition center.
China remains off-limits, largely because of Israel's ally, the U.S that provides Israel with $3 billion a year in military aid. The US blocked the sale of four $250 million Phalcon advanced early warnings aircraft  in 2000, citing U.S. components used in the systems carried by the aircraft.
India has expressed interest in the Arrow, high-altitude, long-range interceptor, but given extensive funding provided by the U.S such sales might prove to be an issue.
India is also said to be interested in the Iron Dome, intended to counter short range projectiles. The Iron Dome is being built by Rafael Advanced Defense Systems of Israel with a US $205 million support.

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