-Caveat Lector-
> U.S. remains No. 1 arms exporter
>
>
> SPECIAL TO WORLD TRIBUNE.COM
>
> Monday, August 9, 1999
>
> WASHINGTON -- The United States remains the world's largest arms
> exporter.
>
> A congressional study says the United States sold $7.1 billion of
> weapons in 1998, a large jump over the $5.7 billion the previous
> year.
>
> The Congressional Research Service said in its annual review of
> arms sales that U.S. contractors are still being affected by a
> worldwide slump in arms sales. In 1993, U.S. arms exports
> totalled $21.5 billion.
>
> In the study, Germany ranked second, with $5.5 billion in new
> sales, and France third, with $3 billion. The value of all new
> arms sales worldwide was $23 billion, up slightly from $21.4
> billion the year before, but down from the $37.4 in 1993.
>
> "Competition for available arms sales continues to intensify
> among major weapons suppliers," wrote the report's author,
> Richard F. Grimmett, a national defense specialist with the
> research service. "The limited resources of most developing
> nations to expend on weapons, and the need of many selling
> nations to secure cash for their weapons, continues to place
> constraints on significant expansion of the arms trade.''
>
> Major customers of the United States included Saudi Arabia, with
> $2.7 billion in new sales. The United Arab Emirates ranked second
> at $2.5 billion. Malaysia ranked third, with $2.1 billion. Not
> all their purchases were that of U.S. weapons.
>
> Egypt bought $1.2 billion in 1998; Algeria, Israel and Kuwait
> bought $500 million each; and Ethiopia, India and South Korea,
> all $400 million.
>
> Customers focused on fighter jets, helicopters, artillery, tanks
> and other armored vehicles, surface-to-air missiles,
> surface-to-surface missiles and anti-ship missiles, the report
> said.
>
> Russia saw a sharp decline in arms sales in 1998, with $1.7
> billion. In 1991, it sold $8.2 billion in arms. The Congressional
> Research Service, a branch of the Library of Congress, reports
> each year on weapons and other military equipment sales around
> the world.
>
>
>
> Monday, August 9, 1999
>From WorldTribune.CoM
A<>E<>R
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