Israel's budding defense relationship with India continues to expand. In 2004, New Delhi became the Israeli defense industry's largest customer, accounting for nearly half the country's $3.6 billion in arms exports, its second-best year ever. The largest item was India's purchase of Phalcon early warning planes from Israel Aircraft Industries. Israel is one of the world's top five arms exporters, accounting for 10% of the global arms trade. And India-Israel relations have been warming. The two countries plan joint military exercises later this year.
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