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US arms sales nearly triple in 2011, researchers say
by Staff Writers
Washington (AFP) Aug 27, 2012


US 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 Monday.

The Congressional Research Service said the US 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 US clients included the United Arab Emirates, Iraq, Oman, India and Thailand, the report added.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




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Brazil's defense industry booms
Brasilia (AFP) Aug 22, 2012
Brazil's defense industry is booming, fueled by government incentives to modernize the country's armed forces and develop a robust, export-oriented military industrial complex. "Companies are happy. There is a determination to grow and invest. Five years ago, it was the opposite," said Carlos Pieratoni Gamboa, vice-president of the Brazilian Association of Defense and Security Equipment (Abi ... read more


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