Budget cuts challenge Israel's defense exports
The Israeli defense industry is being buffeted—some might say battered—by winds of change. In this case, it is a perfect storm of budget cutbacks by many countries, including Israel, that are shrinking defense expenditures concurrently with the winding down of wars in Iraq and Afghanistan. Reduced spending is evident in most regional markets including East Asia, which has been recording solid growth in recent years. Countries that fielded substantial military capabilities are ...
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