Israel has had a burgeoning arms industry. The three biggest Israeli arms companies IAI, Elbit Systems, and Rafael Advanced Defense Systems, had orders backlogs in 2010 of $16 billion. 100,000 Israelis work in an industry that sold $7.2 billion in arms in 2010.
The World Tribune online, reports that Midroog, the Israeli credit rating industry says that international trends present challenges for the Israeli arms industry. 70% of Israelis arm production is exported.
Moog worries that with the end of wars in Iraq and Afghanistan that orders for Israeli arms will be dropped. And that the US is encouraging US arms companies to develop new markets, in competition with Israeli companies.
(This blog post will be expanded……)