U.S. Weapons Sales Skyrocket

August 28th, 2012
in econ_news, syndication

Econintersect:  A report has been prepared for Congress by the nonpartisan Library of Congress Congressional Research Service which shows a dramatic increase in global weapons sales by U.S. firms in 2011.

Click on graphic for larger image from The New York Times.



Follow up:

A total of $71.5 billion in weapons trade took place globally in 2011, with %56.3 billion of that from the U.S.  Record levels of sales were led by large increases in purchases by Arab countries as increased tensions with Iran motivated a military build-up.

The $56.3 billion was approximately 80% higher than the previous record year, 2009, when there were not quite $31 billion in sales.

Read more at The New York Times.

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