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August 27, 2012 7:42 am

U.S. Arms Exports Set Annual Record Driven by Concern Over Iran

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A Blackhawk (front) and Apache attack helicopter (back). Photo: wiki commons.

NY Times – Weapons sales by the United States tripled in 2011 to a record high, driven by major arms sales to Persian Gulf allies concerned about Iran’s regional ambitions, according to a new study for Congress.

Overseas weapons sales by the United States totaled $66.3 billion last year, or more than three-quarters of the global arms market, valued at $85.3 billion in 2011. Russia was a distant second, with $4.8 billion in deals.

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