Monday, December 28, 2015

The U.S. Is Still No.1 at Selling Arms to the World

The United States remains the world’s preeminent exporter of arms, with more than 50 percent of the global weaponry market controlled by the United States as of 2014.

Arms sales by the U.S. jumped 35 percent, or nearly $10 billion, to $36.2 billion in 2014, according to the Congressional Research Service report, which analyzed the global arms market between 2007 and 2014.

Trailing the U.S. in weapons receipts is Russia, with $10.2 billion in sales in 2014, followed by Sweden with $5.5 billion, France with $4.4 billion and China with $2.2 billion, reports The New York Times.

http://time.com/4161613/us-arms-sales-exports-weapons/

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