“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.
The American weapons sales total was an “extraordinary increase” over the $21.4 billion in deals for 2010… and was the largest single-year sales total in the history of United States arms exports. The previous high was in fiscal year 2009, when American weapons sales overseas totaled nearly $31 billion.
The article notes that “increasing tensions with Iran drove a set of Persian Gulf nations — Saudi Arabia, the United Arab Emirates and Oman — to purchase American weapons at record levels.” All those Middle Eastern democracies arming up to protect themselves against those evil theocrats…not.
But this is stimulus. No question there.