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U.S. Foreign Arms Sales Are Most of Global Market

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opednews.com Headlined to H3 8/27/12

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Weapons sales by the United States tripled in 2011 to a record high, driven by major arms sales to Persian Gulf allies concerned about Iran's regional ambitions, according to a new study for Congress. Overseas weapons sales by the United States totaled $66.3 billion last year, or more than three-quarters of the global arms market, valued at $85.3 billion in 2011. Russia was a distant second, with $4.8 billion in deals.

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