Israel set its fourth consecutive yearly record for defense exports in 2024, with over $14.7 billion worth of deals, the country’s Defense Ministry announced on Wednesday.

According to the ministry, the figure represents a 13% increase over the previous year. More broadly, defense exports have more than doubled over the past five years.

Notably, more than half of last year’s deals were valued at over $100 million, and 54% of the agreements were with European countries, compared to 35% in 2023.