The total revenues of the world’s 100 largest defense companies increased by 4.2% in 1,023 companies compared to the previous year. The list includes Israel’s three largest defense companies – Israel Aerospace Industries (IAI), Elbit Systems (TSX: ELST, Nasdaq: ELST), and Rafael Advanced Defense Systems – which saw combined revenues rise by 15% due to the war That broke out last year. Last year to $13.6 billion.
These figures were reported by the Stockholm International Peace Research Institute (SIPRI), which ranked Israeli defense companies in fourth place in 2023 in terms of growth rate, after Russia (40%), South Korea (39%) and Japan (35%). %).
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On the other hand, French defense companies saw their revenues decline by 8.5% in 2023 compared to the previous year. This may explain why French President Emmanuel Macron has worked hard to keep Israeli defense companies away from his country’s prestigious defense exhibitions.
In 2023, Elbit Systems reported revenues of $5.38 billion, up 14% from 2022, although its SIPRI Top 100 ranking fell from 24th to 27th. Israel Aerospace Industries revenues grew 15.4% in 2023 to $4.49 billion from $3.89 billion in 2022, rising from the position 37 to 34th place in the rankings. Rafael, which had revenue of $3.73 billion in 2023, up 16% from 2022, rose in the rankings from 44th to 42nd.
Published by Globes, Israel Business News – en.globes.co.il – on December 15, 2024
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