Record

The collective backlog for Elbit Systems, Rafael Advanced Defense Systems and IAI has risen by over 25%, compared with a 23% surge for all of 2023.

The Arrow 3 air defense system, used for the first time on November 9, 2023, to intercept a missile fired at Eilat by Iran-backed Houthis in Yemen.

(photo credit: MINISTRY OF DEFENSE)

Israel's defense industry, comprising of Elbit Systems, Rafael Advanced Defense Systems and Israel Aerospace Industries (IAI),  is set to reach a historic record in sales of weapons, according to a Thursday Wall Street Journal report.

The collective backlog for the three companies has risen by over 25%, according to the report, compared with a 23% surge for all of 2023.

Defense systems such as the Iron Dome and the Arrow missile, which have been proved on the battlefield in over a year of war have given rise to such sales among foreign actors, according to the report. 

 This was reiterated by a statement made to the publication by Slovakia's Defense Ministry who signed a €560 million deal to purchase the Barak MX Integrated Air Defense System, developed by IAI.