Extraordinary Increase in U.S. Arms Sales
August 28, 2012 Leave a Comment
Heat up the coffee and stay alert, it's minutes before midnight and the sea is running hard….
August 28, 2012 by wkirkland Leave a Comment
“Weapons sales by the United States tripled in 2011 to a record high, driven by major arms sales to Persian Gulf allies concerned about Iran’s regional ambitions, according to a new study for Congress.
Overseas weapons sales by the United States totaled $66.3 billion last year, or more than three-quarters of the global arms market, valued at $85.3 billion in 2011. Russia was a distant second, with $4.8 billion in deals.
The American weapons sales total was an “extraordinary increase” over the $21.4 billion in deals for 2010, the study found, and was the largest single-year sales total in the history of United States arms exports. The previous high was in fiscal year 2009, when American weapons sales overseas totaled nearly $31 billion. …”
[Wonder how much of this contributes to off-setting the miserable trade deficit of the U.S?]
Filed under Weapons Tagged with Arms, US Arms sales, Weapons
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