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You are here News International Israel investing over $100 billion in homegrown arms production, Netanyahu reveals

Israel investing over $100 billion in homegrown arms production, Netanyahu reveals

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Israel investing $100B in weapons industryIsrael is working to gain as much independence as possible in its weapons production, Prime Minister Benjamin Netanyahu announced on Wednesday, in a development he said was the result of the lessons learned during the past two years of war on multiple fronts.

“I approved, along with the defense minister and finance minister, a sum of NIS 350 billion [$108 billion] over the next decade to build an independent Israeli munitions industry,” Netanyahu said in an address at a graduation ceremony for Israeli Air Force pilots.

The move, he said, stemmed from a desire to “reduce our dependence on all players, including friends,” after allies including the US, UK, and Germany all imposed various restrictions on weapons sales to Israel since the October 7, 2023, Hamas attack.

Still, he noted, many countries around the world, including Germany, “want to buy from us more and more systems.”

The premier has long been calling for Israel to develop its own self-reliant military industry, and in January 2024 announced that the government would invest in a “multi-year plan to free Israel from dependence on external purchases.”

TVNL Comment:  Why has the US given billions of dollars to Israel every single year?  It's a rhetorical question. It's also insane.

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