arms sales

11 Stories

The US Makes Billions Selling Weapons to Nearly 100 Countries

Weapons are the global business, and business is booming

(Newser) - The global weapons trade is booming, Vice reports, citing numbers from the Stockholm International Peace Research Institute that show it grew 14% between 2011 and 2015. That's not surprising—between "tensions in Asia" and a "state of total melt-down" in the Middle East, according to the BBC... More »

Iran, N. Korea, Syria Block UN Arms Trade Treaty

Other countries to keep pushing for pact

(Newser) - Iran, North Korea, and Syria blocked adoption of a UN treaty that would regulate the multibillion-dollar international arms trade for the first time, saying it fails to ban sales to terrorists, but other countries refused to let the treaty die. The treaty's adoption required agreement by all 193 UN... More »

Iraq Cancels $4.2B Arms Deal With Russia

It would have made Moscow the nation's No. 2 supplier

(Newser) - Nouri al-Maliki seems to have had a very expensive change of heart, at least for Russia. The Iraqi prime minister abruptly canceled a $4.2 billion arms deal agreed to last month that would have made Moscow the nation's No. 2 arms supplier behind the US, reports AFP . A... More »

CIA Op Jailed for Libya Arms Sales Dies at 84

Edwin Wilson overturned conviction 20 years later

(Newser) - Edwin Wilson set up front companies abroad for the CIA, made millions in the arms trade and entertained generals and congressmen at his sprawling Virginia farm. His high-powered, jet-setting life in the 1970s and early 1980s followed a career in the CIA. But it came crashing down when he was... More »

US Arms Sales Hog 75% of Global Market

Washington's overseas sales tripled last year

(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... More »

Russians Hawk Jets to Syria Regime

Even as US senators propose tougher sanctions

(Newser) - Russia is so unconcerned with the international outcry against Syria that it has reached a deal to sell Bashar al-Assad's regime three dozen Yak-130 fighter jets, a Syrian business newspaper reported today. The twin-engined jet is capable of attacking ground targets, the AP reports. Experts say the contract, which... More »

Bahrain Getting Its Tear Gas From...

...Britain, and some politicians aren't happy about that

(Newser) - Some politicians in the UK aren't happy about the "Made in Britain" labels on the tear gas, smoke canisters, and stun grenades being used to crush protests in Bahrain and elsewhere in the Arab world, the Independent reports. The British government approved the export of large amounts of crowd-control... More »

Obama to Turkey: Shape Up or No Weapons Deal

US unhappy with its stance on Iran, Israel

(Newser) - If Turkey wants to buy US weapons, it needs to change its tune on Iran and Israel, President Obama told Prime Minister Recep Tayyip Erdogan. At issue: Turkey voted against UN sanctions on Iran in June and spoke out against the Israeli raid that killed nine Turks on a flotilla... More »

EU Sold Millions in Weapons to Sri Lankan Army

European arms may have been used in civil war atrocities

(Newser) - European Union nations sold millions of dollars worth of arms and military equipment to the Sri Lankan army in the final stages of its 26-year civil war, in which the army has been accused of atrocities. The UK sold the country $22.3 million in armored vehicles and weapons, though... More »

Pentagon to Add 20K Jobs in Arms-Buying Overhaul

Obama says acquisitions program has 'run amok'

(Newser) - The Defense Department will add 20,000 jobs over the next 5 years in an overhaul of its $100 billion weapons-buying process, Reuters reports. New regulations will tie compensation more closely to performance, and the Pentagon will require “real, substantial” tax savings in any multiyear deals, a deputy defense... More »

Pentagon Seeks $15.2B Fighter Sale to Israel

US maker Lockheed Martin still developing next-generation jet

(Newser) - The Defense Department said today it wants to sell up to 75 fighter jets to Israel in a $15.2 billion deal for the aircraft expected to be the mainstay of air power in the US and several other nations for decades. The Defense Security Cooperation Agency said it notified... More »

11 Stories