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U.S. Foreign Arms Deals Increased Nearly $10 Billion in 2014
Key Excerpts from Article on Website of New York Times


New York Times, December 25, 2015
Posted: January 3rd, 2016
http://www.nytimes.com/2015/12/26/world/middleeast/us-foreig...

Foreign arms sales by the United States jumped by almost $10 billion in 2014, about 35 percent, even as the global weapons market remained flat and competition among suppliers increased, a new congressional study has found. American weapons receipts rose to $36.2 billion in 2014 from $26.7 billion the year before, bolstered by multibillion-dollar agreements with Qatar, Saudi Arabia and South Korea. The United States remained the single largest provider of arms around the world last year, controlling just over 50 percent of the market. Russia followed the United States as the top weapons supplier, completing $10.2 billion in sales, compared with $10.3 billion in 2013. Sweden was third, with roughly $5.5 billion in sales, followed by France with $4.4 billion and China with $2.2 billion. South Korea ... was the worlds top weapons buyer in 2014, completing $7.8 billion in contracts. Iraq followed South Korea, with $7.3 billion in purchases. Some arms producers have adopted measures like flexible financing, counter-trade guarantees and coproduction and co-assembly agreements to try to secure sales. Given its positioning, the United States was likely to remain the dominant supplier of arms to developing nations in coming years. As in previous years, the vast majority of arms were supplied by large, established countries to developing ones, which made $61.8 billion in total purchases in 2014.

Note: This annual report is among the most detailed nonclassified international arms sales data available to the public. Watch this video which shows how the US and its allies stoke war in order to pad the pockets of mega-corporations which profit greatly from arms sales. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.


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