Monday, August 27, 2012

U.S. Weapons Sales Hit Historic Record Level of $66.3 Billion in 2011 (78% of Global Market)


The United States of America no longer produces the vast majority of the world's televisions, computers and other manufactured products. Those industries and products were outsourced years ago to other countries around the globe. However, there is one industry that has not been outsourced and that is the weapons and arms industry. In 2011, a record number of weapons were sold abroad!

Overseas weapons sales by the US totalled $US66.3 billion ($63.78 billion) last year, or nearly 78 per cent of the global arms market, valued at $85.3 billion in 2011. Russia was a distant second, with $4.8 billion in deals.

I have attached a Congressional Research report on U.S. arms sales from 2003-2010 for additional reference.

Source: Sydney Morning Herald

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