Market Data 
- Israel has one of the most advanced air defense systems.
- In January, Israeli officials amended its 2024 budget to allocate $15 billion more in war spending.
- Its air defenses are being tested from all sides amid its war against Hamas.
Israel has some of the most advanced air defenses in the world, systems that have defended its troops and citizens from rocket and missile barrages.
Air defenses are essential to Israel’s security. Much of its population is within reach of rockets and missiles fired by Hamas and Hezbollah, as well as the ballistic missiles fired by Yemen’s Houthis. These defenses are also expensive.
Earlier this year, Israeli officials amended its 2024 budget to allocate $15 billion more in war spending as Israel’s war in Gaza stretches the country’s budget thin.
