Sales Boom for U.S. Weapons Industry, Anticipating "Pivot" to AsiaSubmitted by shrader on Tue, 01/01/2013 - 13:19
It's a boom for pentagon suppliers Northrop Grumman, Boeing, Lockheed Martin, under Obama. Government-brokered worldwide military sales in 2012 exceeded $63 billion. Direct commercial sales produced 85,000 license requests, a new record.
In 2011, the United States reached arms transfer agreements totaling $66.3 billion, or nearly 78 percent of all such worldwide pacts, according to the nonpartisan Congressional Research Service. The 2011 total was swollen by a record $33.4 billion deal with Saudi Arabia. India ranked second with $6.9 billion in such agreements.
Contractors such as Lockheed, Boeing, Northrop and Raytheon Co expect regional demand for their products and services to help them offset Pentagon belt-tightening forced by U.S. deficit-trimming measures.