Friday, June 15, 2012

The US in record $50 billion foreign arms sales in 2012...

The United States is headed for a record-breaking year for foreign military sales, thanks to a $29.4 billion sale of Boeing-made F-15 fighter jets to Saudi Arabia, according to Andrew Shapiro, assistant secretary of state for political-military affairs.

So far in 2012, the United States has finalized sales totaling $50 billion and there are more than three months left in the fiscal year, Shapiro told reporters on a conference call today.

This is in comparison to 2011, when the United States sold $30 billion in foreign military sales, which are conducted government-to-government.

Shapiro called the sale to Saudi Arabia “very significant,” but said the sale of the F-35 Joint Strike Fighter to Japan is also partly responsible for the uptick. Full story...

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