Monday, May 20, 2013

Israel is world's largest exporter of drones...

Israel is the world's largest exporter of unmanned aerial vehicles (UAVs) in terms of number of systems sold, earning a whopping USD 4.6 billion in sales during the last eight years, excluding a major deal with India for the upgrade of unmanned aircrafts, according to a study by a business consulting firm.

Frost & Sullivan business consulting firm in a study have noted that UAVs, or drones, sales constitute nearly 10 per cent of Israel's total military exports, Haaretz reported.

Unmanned equipment exports are a relatively volatile market, the report said.

 Israel had USD 150 million in UAV exports in 2008, a figure which increased substantially in 2009 to USD 650 million. Full story...

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