US Arms Sales Hog 75% of Global Market
Washington's overseas sales tripled last year
By Matt Cantor, Newser User
Posted Aug 27, 2012 2:18 PM CDT
Apache helicopters were among Saudi Arabia's purchases.   (AP Photo/Brennan Linsley)

(Newser) – America's weapon sales abroad last year skyrocketed to $66.3 billion, triple the 2010 figure of $21.4 billion, according to a nonpartisan report. US sales accounted for more than three-quarters of the $85.3 billion market and marked a record high for sales in a year, blowing away 2009's $31 billion. The US windfall stemmed largely from hefty purchases by Saudi Arabia, the United Arab Emirates, and Oman; the countries bought warplanes and missile defense equipment amid rising concern over Iran, the New York Times reports.

Among Saudi Arabia's $33.4 billion in purchases were 84 F-15 fighters as well as Black Hawk and Apache helicopters, ammunition, and missiles. The UAE snapped up a $3.49 billion missile shield and $939 million in Chinook helicopters, while Oman spent $1.4 billion on 18 F-16 fighters. Some $71.5 billion of global purchases were made by developing nations, as has generally been the case in recent years, the Times notes; some $56.3 billion of that figure came from the US. The second-biggest international dealer: Russia, with just $4.8 billion in sales.

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Showing 3 of 28 comments
HANKHILL
Aug 28, 2012 2:23 PM CDT
AND NOW YOU KNOW WHY OUR GUYS DIE! SAD VERY SAD!
realtruth
Aug 28, 2012 9:52 AM CDT
Selling to Saudi Arabia is cool today.. So was Iran 20 years ago.. Hindsight is 20/20 .. But you never really know if your next enemy will be fighting you with your own stuff. Bottom line.. ALL this is.. we are selling Weapons for Barrels of Oil.. We are living in a GUNS for GAS world economy today..
right2dave
Aug 28, 2012 7:04 AM CDT
At least we out sell China in something?