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.
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.
