U.S. leads world in foreign weapons sales
Posted on September 7th, 2009
September 6, 2009
Reuters
By Jasmin Melvin
The United States accounted for more than two-thirds of foreign weapons sales in 2008, a year in which global sales were at a three-year low, The New York Times reported on Sunday.
Citing a congressional study released on Friday, the Times said the United States was involved in 68.4 percent of the global sales of arms.
U.S. weapons sales jumped nearly 50 percent in 2008 despite the global economic recession to $37.8 billion from $25.4 billion the year before.
The jump defied worldwide trends as global arms sales fell 7.6 percent to $55.2 billion in 2008, the report said. …
The United States also led in arms sales to the developing world, signing 70.1 percent of these weapons agreements …
