Saudi, India deals shot up US arms exports in 2011
Saudi Arabia was the biggest arms buyer among the developing countries and bought arms worth $6.9 billion including 84 advanced F-15 fighters. The UAE bought arms worth $4.5 billion. India ($4.5 billion) and Taiwan, which are modernising their armies, are among other big buyers of US arms. The US sold antimissile batteries worth $2 billion to Taiwan, a deal which caused tension with China.
The annual report said the US arms trade saw a huge leap from $21.4 billion in 2010 to $66.3 billion a year after, registering it the largest in a single year in the history of the country's arms export business, it said.
Washington remained the leading arms supplier with all other major suppliers, except France, saw a decline in their respective dealings. Russia, for instance, another major arms supplier, saw its sales getting nearly half of $4.8 billion in 2011. The irony is that Moscow was the clear winner in the arms exporting race between 2003 and 2006 but was overtaken thereafter by Washington.
OneIndia News