U.S. tops global market in weapons sales

The U.S. ranks first in arms sales for 2015 with $40.2 billion in weapons sold to other countries, according to a congressional study published this month.

The U.S. took 50.29 percent of arms transfer agreements to both developed and developing nations with the value of all such agreements valued at $79.9 billion.

According to the Conventional Arms Transfers to Developing Nations study, weapons suppliers primarily focused on developing countries for foreign arms sales. In 2015, such agreements were valued at $65.2 billion, but deliveries totaled $33.6 billion.

The U.S. held 41 percent of agreements with developing nations, valued at $26.7 billion, and delivered 35.42 percent of all such agreements. For buyers, Qatar ranked first among developing nations spending some $17.5 billion, Egypt second with $11.9 billion, and Saudi Arabia third with $8.6 billion.

From 2008 to 2015, developing countries comprised of 80.39 percent of all arms agreements worldwide with a slight increase in 2015 at 81.70 percent.

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source: http://www.guns.com/2016/12/27/u-s-tops-global-market-in-weapons-sales/

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U.S. tops global market in weapons sales

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