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Aug 29 2012

What we’re good at

U.S. Arms Sales Make Up Most of Global Market

By THOM SHANKER, The New York Times

Published: August 26, 2012

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.



(A)greements with Saudi Arabia included the purchase of 84 advanced F-15 fighters, a variety of ammunition, missiles and logistics support, and upgrades of 70 of the F-15 fighters in the current fleet.

Sales to Saudi Arabia last year also included dozens of Apache and Black Hawk helicopters, all contributing to a total Saudi weapons deal from the United States of $33.4 billion, according to the study.

The United Arab Emirates purchased a Terminal High Altitude Area Defense, an advanced antimissile shield that includes radars and is valued at $3.49 billion, as well as 16 Chinook helicopters for $939 million.

Oman bought 18 F-16 fighters for $1.4 billion.

(h/t Naked Capitalism)

1 comment

  1. ek hornbeck

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