Tag: defence industry

German auditors warn of ‘unlimited’ debt for defence

A 2000 A2 self-propelled howitzer drives on the grounds of the Weiden-Frauenricht military training area on June 27, 2024 at Bavaria, Weiden | File Photo: Armin Weigel/dpa

Germany’s Federal Court of Audit warned that a ‘signal of unlimited willingness to incur debt’ could lead prices in defence industry to soar, with incentives for industry to charge higher prices for the same services due to ‘almost unlimited availability of financial resources and increased demand.’

Israeli arms exports topped $12.5B in 2022

Israeli defence exports from 2000 to 2022. Click the image to view the complete set of graphics explaining Israel's defence exports | Source: International Defense Cooperation Directorate (SIBAT), Israeli Ministry of Defence

Israel’s defence ministry reported that exports to Abraham Accords countries, alone, reached approximately USD 3 billion, amounting to 24 percent of Israeli weapons sales and exports of unmanned systems made up 25 percent of its exports.