VIDEO REPORT: US Arms Sales shoot to record levels in 2011

US arms sales shoot to record levels

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.

via US arms sales shoot to record levels – YouTube.

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About GREGinSD

A Generation X|Y'er that resides in beautiful San Diego, Ca.
This entry was posted in Economics, Military, News and politics, Trends, World / International Affairs and tagged , , , , , , , , , , . Bookmark the permalink.

One Response to VIDEO REPORT: US Arms Sales shoot to record levels in 2011

  1. Pingback: US arms sales hit record levels « BGTV MEDIA ONLINE

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