The Defense industry of Israel is a strategically important sector and a large employer, as well as major supplier of the Israel Defense Forces. Israel is one of the world's major exporters of military equipment, accounting for 10% of the world total in 2007. Three Israeli companies were listed on the 2010 Stockholm International Peace Research Institute index of the world's top 100 arms-producing and military service companies: Elbit Systems, Israel Aerospace Industries and RAFAEL. The Defense industry in Israel is a strategically important sector and a large employer within the country. It is also a major player in the global arms market and is the 11th largest arms exporter in the world as of 2012. Total arms transfer agreements topped 12.9 billion between 2004 to 2011. There are over 1