The halt on new deals worth billions of dollars also threatens long-term exports.

New Delhi: Amidst international criticism of Israel over the war in Gaza, the Israeli defence industry is facing a crisis. Israel’s closest allies are terminating defence agreements with Israel. Meanwhile, Spain has cancelled another arms deal with Israel’s Rafael Advanced Defence Systems.

Deals worth $654 million cancelled

According to Israeli media reports, the cancellation of this deal brings the value of suspended contracts with Israeli companies in recent months to approximately $654 million. The halt on new deals worth billions of dollars also threatens long-term exports.

Spain cancels big defence deal

Israeli defence industry officials fear that other countries, seeking to pressure Israel to end

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