Market Report, "Israel Defence & Security Report Q4 2014", published

Israel's domestic and regional security situation remains volatile. The civil war in nearby Syria continues to worsen. There is still the possibility of confrontation with Iran and it is unclear if pro-peace centrists will be able to influence the government's hawkish stance on the Israeli-Palestinian conflict.

As of late May 2014 it was reported that Israel's defence budget funding was suffering severe problems, with the country's defence ministry ordering the suspension of a number of research and development projects and warning that other programmes could face major reductions or cancellations as a result of funding reductions. The suspension came following a procurement slowdown which has been in place since January 2014 which has reduced by half the number of new systems being procured by the Israeli MoD annually. The slowdown is thought to only affect so-called 'blue and white' procurements where the MoD purchases equipment from local manufacturers in local currency, as a consequence, the procurement of foreign materiel is said to be unaffected.

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We have given Israel an overall security risk rating of 66 for Q414. The country scores an average overall security risk rating of 67 for the forecast period December 2007 until Q414. Israel has a moderate risk of becoming involved in a major interstate conflict. Similarly, the country faces a moderate risk from terrorism, although it has a slightly reduced risk of experiencing significant criminal activity.

Regarding procurement, in July 2014 Israel deployed its seventh Iron Dome counter rocket, artillery and mortar system as a response to escalating rocket attacks from the Gaza Strip by Hamas. As of the time of writing (July 2014) Iron Dome has intercepted 100 rockets fired by Hamas since the latest hostilities between Israel and the Palestinian insurgent organisation commenced on July 7 2014. Alenia Aermacchi delivered its first two M-346 jet trainer aircraft to Israel in July 2014 and plans to...

The Israel Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Israel Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Israeli defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Israel to test other views - a key input for successful budgetary and strategic business planning in the Israeli defence and security market.

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