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U.S. Arms Sales Up 465% in Last Decade
Travis | Oct 26, 2009 |
0 Andrew previewed it over the summer, but now the DSCA provides confirmation:
With Fiscal Year 2009 figures tallied, and looking back at our projected total sales of $40 billion, we can take pride in the fact we achieved a new record of $37.9 billion in sales. To put that in historical perspective, that is a 465% growth from a low point of $8.1 billion in FY 1998 and slightly over our previous record figure of $36.4 billion in FY 08.
(h/t Matt Schroeder)
The Obama administration recently announced its support for an international Arms Trade Treaty that would “promote the same high standards for the entire international community that the United States and other responsible arms exporters already have in place to ensure that weaponry is transferred for legitimate purposes.”
I guess $37.9 billion per year constitutes “high standards” that “we can take pride in.”
Security Matters, Arms Sales, Defense Spending (all tags)
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