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27 Aug, 2012

Record $66.3 Billion in US Arms Sales Abroad in 2011 — Antiwar.com

Heavily backed by the US government, US arms makers are a serious growth industry, not only providing weapons to America’s own enormous military for its assorted adventures, but capturing the vast majority of the foreign arms market on the planet as well.

The new figures released in a study for Congress show several records being smashed in 2011, with the US selling $66.3 billion in weapons abroad, a record itself, but also by far the largest single year increase ever, over the $21.4 billion in 2010.

via A New Record: $66.3 Billion in US Arms Sales Abroad in 2011 — News from Antiwar.com.