. Energy News .




.
MILPLEX
U.S. arms sales hit record $66 billion
by Staff Writers
Washington (UPI) Aug 29, 2012

disclaimer: image is for illustration purposes only

Export of U.S. weapons abroad soared more than three times the previous level in 2011, at least partly because of the continuing tensions over Iran's disputed nuclear program in the Persian Gulf region.

From $21.4 billion of sales in 2010 the total for last year reached $66.3 billion, the largest for a single year in the history of the U.S. arms export program, the report by the U.S. Congress Research Service said.

Analysts said the report contrasted with industry reports through most of 2011-12, which said the year would be marked by major downturns in weapons purchases worldwide. Fear of an arms sales slump prompted many industries to start looking at cybersecurity and other security challenges as alternative areas of potential business growth.

Despite the report's upbeat results, the figures for weapons exports indicate that sales for U.S. rivals in the marketplace may not have been as impressive as originally expected.

Global weapons sales from all countries totaled about $85.3 billion, almost double the previous year's sales of $45.2 billion. With U.S. weapons exporters claiming the lion's share of those exports, the outlook for other exporters still needs to be determined.

The United States also ranked first in the value of arms deliveries worldwide, taking $16.2 billion of all global deliveries. The United States has led global arms deliveries for eight years running, the CRS report said.

Despite vigorous arms marketing Russia ranked a distant second to the United States in worldwide arms deliveries, earning $8.7 billion while Britain ranked third with earnings of $3 billion from weapons deliveries.

It wasn't clear if the report of global arms sales includes statistics for two major emergency arms transfers, in Libya and then in Syria. While in Libya much of the arms deployed were sourced by industry analysts to European suppliers, the arms traffic to Syria remains muddled amid continuing conflict in that country.

The CRS report excludes arms sales by private companies and traders that remain classified. It also doesn't include clandestine arms transfers by governments.

The leading buyer for U.S. weapons last year was Saudi Arabia, which began a military buildup in response to the crisis over Iran's disputed nuclear program and internal security challenges posed by a spillover of Arab Spring protests in the kingdom.

Saudi Arabia has been the leading developing world arms buyer from 2004-11, making arms transfer agreements that have totaled $75.7 billion during the period.

During the same period, India has been the second major buyer with arms purchases of $46.6 billion, followed by the United Arab Emirates with $20.3 billion, Egypt at $14.3 billion and Pakistan at $13.2 billion.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



MILPLEX
Turkey seeks increased arms exports
Istanbul, Turkey (UPI) Aug 28, 2012
The Turkish government is making determined efforts to promote its indigenously produced armaments. To that end the Turkish defense industry plans to promote its military products at least eight international defense and security exhibitions in 2013. The Turkish defense industry exports to nearly 60 countries, garnering sales in 2012 worth more than $1 billion. Turkish Und ... read more


MILPLEX
$3.7 Billion Reasons Why GIS Technology is The Future

Landsat Data Continuity Mission Environmental Testing is Underway

Expert Analysis of Energy Infrastructure Using HiRes Satellite Imagery

Vecmap tracks the Asian bush mosquito

MILPLEX
Fourth Galileo satellite reaches French Guiana launch site

A GPS in Your DNA

Next Galileo satellite reaches French Guiana launch site

Raytheon completes GPS OCX iteration 1.4 Critical Design Review

MILPLEX
Natural Regeneration Building Urban Forests, Altering Species Composition

Myanmar in deforestation crisis

Widespread local extinctions in tropical forest 'remnants'

Marine research in the Brazilian rain forest

MILPLEX
Japan toilet maker showcases 'poop-powered' motorbike

Biorefinery makes use of every bit of a soybean

Warning issued for modified algae

Genetically Engineered Algae For Biofuel Pose Potential Risks That Should Be Studied

MILPLEX
Merkel says favours solving solar dispute via talks

Drexel-Penn Partnership to Develop More Efficient Dye-Sensitized Solar Panels

Microwave ovens may help produce lower cost solar energy technology

Novel technique to synthesize nanocrystals that harvest solar energy

MILPLEX
Japan starts up first offshore wind farm

Maximum Protection against Dust; Minimal Effort

US Wind Power Market Riding a Wave That Is Likely to Crest in 2012

Wind farms: A danger to ultra-light aircraft?

MILPLEX
China coal mine blast traps 50 underground: Xinhua

China coal mine blast claims 26 lives: state media

China coal mine accident kills six: report

Australia's Sundance accepts revised Hanlong offer

MILPLEX
China official flees country with funds: report

Exiled Tibetans urge world leaders to end 'crisis'

Hong Kong in bid to limit homebuyers from mainland

Two Tibetans die, burning protests top 50: groups


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement