U.S. Air Force photo by Russell Meseroll
Just How Many Weapons Can America Sell? -- Willaim D. Hartung, Foreign Policy
The Obama administration is determined to find out.
When the leaders of the global aerospace industry met late last month at the 50th anniversary staging of the Paris Air Show, one word predominated: exports. With military budgets leveling off or declining in the United States and Europe, arms companies are looking to deals in the Middle East and Asia to bolster their bottom lines.
Nowhere has this strategy been more successful than in the United States, where an export-friendly Obama administration has presided over the largest arms-export boom in history. In 2011, the most recent year for which full statistics are available, the United States entered into arms sales agreements worth over $66 billion -- an astounding 78 percent of the world market.
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My Comment: With world wide tensions and trouble spots increasing .... I suspect that future years will also be boom years for these arms sales.
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