Netanyahu: Israel to Spend $110 Billion to Develop Independent Arms Industry in Next Decade

Israeli Prime Minister Benjamin Netanyahu speaks during a joint press conference with Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis (not pictured) after a trilateral meeting at the Citadel of David Hotel, in Jerusalem, Dec. 22, 2025. Photo: ABIR SULTAN/Pool via REUTERS

Israeli Prime Minister Benjamin Netanyahu said on Wednesday that Israel would spend 350 billion shekels ($110 billion) on developing an independent arms industry to reduce dependency on other countries.