Iraq Commits To Buy 26 Billion Dollars Worth Of Armaments From The US

Iraq to buy $26 billion worth of armaments from United States. © RIA Novosti. Pavel Davydov

Iraq To Buy 26 Billion Dollars Worth Of Armaments From USA -- RIA Novosti

Iraq will buy armaments worth $13 billion from the United States by 2013 and will spend another $13 bn on weapons later, a Baghdad newspaper reported citing an Iraqi Defense Ministry spokesman.

Al Ittihad quoted Major General Mohammed Al Askari as saying that Iraq has already concluded a contract worth more than $13 bn with the United States.

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My Comment: This is serious money, and will probably keep U.S. defense contractors in the black for the foreseeable future.