Israel's defense budget was increased by 5 billion shekels after Iran's missile attack on Israel. Israel Aerospace Industries, Elbit and Rafael recorded record results in 2023.
The companies are also expected to record a very strong first quarter in 2024, and the hand is still tipped. Israel's defense companies have already enjoyed a strong year of record results, which started with the Russia-Ukraine war and ended with the war of iron swords. It was the first day in six months that the citizens of Israel could stand up proudly and feel for a moment the Israel of the past: a strong and powerful regional power, a place where military power and technological brains come together for a peak moment, a moment of joy and relief within a nightmarish six months. "The answer we give is an economic answer. Such events are not judged by the cost of the system and its operation, but by the potential for damage," said Aerospace Industries CEO Boaz Levy to Udi Etzion in Vala yesterday.