US Arms Sales Hog 75% of Global Market

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

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. (Read more arms sales stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.