Sunday, November 13, 2016

U.S. Foreign Arm Sales Boomed Under President Obama

Defense One: Obama’s Final Arms-Export Tally More than Doubles Bush’s

Most of the $278 billion in approved sales have gone to Saudi Arabia and other Mideast allies.

The Obama administration has approved more than $278 billion in foreign arms sales in its eight years, more than double the total of the previous administration, according to figures released by the Pentagon on Tuesday.

Many of the approved deals — most but hardly all of which have become actual sales — have been to Mideast nations, including key allies in the campaign against Islamic State militants and countries that have been building up their defenses in fear of a nuclear Iran.

Saudi Arabia has been the largest recipient, reaping prospective deals worth more than $115 billion, according to notices announcing the deals that were sent to Congress for approval.

Read more ....

WNU Editor: Many are expecting the "good times" to continue .... U.S. arms export boom under Obama seen continuing with Trump (Reuters). What's my take .... in the case of Saudi Arabia they are burning munitions and equipment in their war in Yemen .... they will need more in the next year or two. And in the other parts of the world .... like Asia facing a rising China .... arms deals and military expansion are going to be the norm rather than the exception. Trump or no Trump .... I hate to say it but the arms merchants are now entering a new "golden age".

No comments: