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Monday, June 18, 2012

US Sets Another Record On Defense Sales, Already

The United States is set to far surpass previous records for defence sales this year, according to U.S. officials.

"Despite the global economic strain, demand for U.S. defence products and services is stronger than ever," Andrew J. Shapiro, an assistant secretary in the U.S. State Department, said on Thursday.

He confirmed that the U.S., long the world's largest weapons exporter, has already seen more than 50 billion dollars in government-to-government military sales this fiscal year.

"This represents at least a 20-billion-dollar increase over fiscal year 2011, and we still have more than a quarter of the fiscal year left," Shapiro said, speaking with reporters. The current fiscal year will end in September.

"To put this in context, fiscal year 2011 was a record-setting year at just over 30 billion. This fiscal year will be at least 70 percent greater."

Observers noted the administration's evident pride at the high numbers.

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