US largest supplier of arms in 2008: Report

Discussion in 'International Politics' started by RPK, Sep 7, 2009.

  1. RPK

    RPK Indyakudimahan Senior Member

    Jun 29, 2009
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    US largest supplier of arms in 2008: Report - US - World - NEWS - The Times of India

    WASHINGTON: Defying the trends of global recession, the United States has emerged as the largest supplier of arms, accounting for more than
    two-third of the USD 55.2 billion of arms sales in the year 2008.

    The United States has not only supplied arms and weapons to its traditional market, but also begun creating a pie for itself in the traditional Russian supplier markets like that of India, says a latest Congressional report.

    Excerpts from the report, 'Conventional Arms Transfers to Developing Nations', were reported by The New York Times yesterday.

    The increase in American weapons sales around the world was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally, it said.

    Among the large arms deal signed by the United States last year were USD 6.5 billion air defense system for the UAE, a USD 2.1 billion jet fighter deal with Morocco, and a USD 2 billion attack helicopter agreement with Taiwan.

    Other large weapons agreements were reached between the United States and India, Iraq, Saudi Arabia, Egypt, South Korea and Brazil, the daily said. In all the US sold arms worth USD 37.8 billion in 2008

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