DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/1259c1/israel_defence_and) has announced the addition of the "Israel Defence and Security Report Q1 2012" report to their offering.
While the Arab Spring has raised hopes for a new more democratic and more peaceful Middle East for many in Israel, the overthrow of the country's erstwhile ally in Egypt and disruption of the region's balance of power has led to unease over the future of the country's security situation. In spite of these concerns and a number of high-profile incidents, the number of active conflict points has actually dropped since 2008. Nevertheless, Israel continues to exist in a fragile and dangerous environment with few regional allies and as a result the country's defence industry will continue to be relied upon in order to maintain everyday life in the country. Because of this experience, Israel is at the forefront of much of the world's counter-terrorism and surveillance equipment.
Israel is a major importer of surface ships and warplanes. Indigenous production focuses on component manufacture and the country provides other countries with an array of technologically-advanced weapons and detection systems. Close political and economic ties with the US, by far the world's largest spender in the defence sector, has opened the door to a number of strategic partnerships between US and Israeli companies providing wide access to the US market.
Israeli companies have announced a number of major contract wins in 2011. In May 2011, General Dynamics agreed to buy components for US Army M1A2 Abrams tanks and Stryker armoured personnel carriers from Israeli companies as part of a US$150mn reciprocal procurement agreement with Israel. In exchange, General Dynamics will build the Israeli-designed Leopard armoured personnel carrier for the Israeli Defence Force. In August 2011, it was reported that Rafael Advanced Defence Systems and USbased Raytheon would jointly market Rafael's Iron Dome rocket interception system in the US. The system is used in by the IDF to intercept rockets fired from the Gaza Strip.
Economic growth in the state had expanded at a healthy rate on the back of higher consumer confidence and a more supportive external environment and this has is seen spending on defence growing too. However, it had dropped to below 6% of GDP and now, by mid-2011, it shows signs of deceleration. BMI maintains its 2011 and 2012 real GDP growth forecasts of 4.8% and 4.5%.
The biggest risk to BMI's GDP forecast is how investors react to the Arab Spring.
Publication Overview:
Business Monitor International's Israel Defence and Security Report provides industry professionals and strategists, corporate analysts, defence and security associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Israel's defence and security industry.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Global Political Outlook
- Industry Forecast Scenario
- Armed Forces
- Company Profiles
- Methodology
Companies Mentioned:
- Elbit Systems
- Elisra Group
- General Dynamics
- Israel Military Industries
- Rafael Advanced Defence Systems Ltd
For more information visit http://www.researchandmarkets.com/research/1259c1/israel_defence_and