U.S. Arms Sales Nearly Triple in 2011, Researchers Say
WASHINGTON — U.S. arms transfers to other countries nearly tripled last year to $66.3 billion, giving America a market share of nearly 80 percent, government researchers said Aug. 27.
The Congressional Research Service said the U.S. figure for 2011 was the largest for a single year in the history of the arms export program.
While huge, the number may be something of a one off, as it includes a huge one-off deal with Saudi Arabia to the tune of $29.4 billion.
This features 84 F-15 fighter bombers, upgrades to its existing fleet of 70 such aircraft and the sale of 178 helicopters.
Despite a sluggish world economy, global arms sales nearly doubled in 2011 to $85.3 billion, the report said.
After the United States came Russia, with $4.8 billion in transfers, and then France, with $4.4 billion.
Besides Saudi Arabia, major U.S. clients included the United Arab Emirates, Iraq, Oman, India and Thailand, the report added.
U.S. Arms Sales Nearly Triple in 2011, Researchers Say
The Congressional Research Service said the U.S. figure for 2011 was the largest for a single year in the history of the arms export program.
While huge, the number may be something of a one off, as it includes a huge one-off deal with Saudi Arabia to the tune of $29.4 billion.
This features 84 F-15 fighter bombers, upgrades to its existing fleet of 70 such aircraft and the sale of 178 helicopters.
Despite a sluggish world economy, global arms sales nearly doubled in 2011 to $85.3 billion, the report said.
After the United States came Russia, with $4.8 billion in transfers, and then France, with $4.4 billion.
Besides Saudi Arabia, major U.S. clients included the United Arab Emirates, Iraq, Oman, India and Thailand, the report added.
U.S. Arms Sales Nearly Triple in 2011, Researchers Say
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