Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Back to Square One?

Read more

DEBATE

Israel-Gaza: Back to Square One?

Read more

DEBATE

Israel-Gaza conflict: 72-hour ceasefire deal sets stage for Cairo talks

Read more

WEB NEWS

Web users divided over Darren Wilson

Read more

FOCUS

Spain's El Hierro to become world's first self-powered island

Read more

IN THE PAPERS

A bellwether for what not to do

Read more

ENCORE!

Luc Besson back in action with Scarlett Johansson in 'Lucy'

Read more

FOCUS

Israel's minorities and military service

Read more

MIDDLE EAST MATTERS

Iraq: Kurdish forces fight to protect Yazidis

Read more

  • France’s ex-PM Juppé sets up presidential clash with Sarkozy

    Read more

  • France’s Hollande says global security ‘worst since 2001’

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

  • Brutal IS beheading video sparks social media pushback

    Read more

  • France urges Iran, others in region, to join fight against IS

    Read more

  • A new view on Normandy landings, 70 years on

    Read more

  • Video: Dozens arrested despite smaller protests in Ferguson

    Read more

  • Dozens killed as landslides strike Japan’s Hiroshima

    Read more

  • Suspected Ebola cases in Austria, new drug raises hopes

    Read more

  • WWII anniversary highlights best - and worst - of Paris police

    Read more

  • Headscarf at the beach sparks French MEP’s fury

    Read more

  • Video: Life in under-siege Donetsk

    Read more

  • Racism, riots and police violence: USA under scrutiny

    Read more

  • ‘Let it be’: Londoners sick of Abbey Road tourists

    Read more

Business

USA expands role as world's leading weapons supplier

Text by NEWS WIRES

Latest update : 2009-09-08

The United States expanded its role as the world’s leading weapons supplier, The New York Times reported on Sunday. Last year the country signed weapons agreements valued at 68.4 percent of all business in the global arms bazaar.

AFP - The United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, The New York Times reported late Sunday.
   
Citing a new congressional study, the newspaper said the United States signed weapons agreements valued at 37.8 billion dollars last year, or 68.4 percent of all business in the global arms bazaar.
   
The figure marked a significant increase from US arms sales of 25.4 billion dollars the year before, the paper noted.
   
Italy was a distant second, with 3.7 billion dollars in worldwide weapons sales in 2008, while Russia was third with 3.5 billion dollars in arms sales last year -- down considerably from the 10.8 billion in weapons deals signed by Moscow in 2007, the report pointed out.
   
The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends, The Times said.
   
The value of global arms sales in 2008 was 55.2 billion dollars, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005, according to the report.
   
The increase in American weapons sales around the world "was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally," the paper quotes the study produced by the Congressional Research Service.
 

Date created : 2009-09-07

COMMENT(S)