xUT
Veteran
U.S. arms companies see rising foreign demand
Silly Rabbits, you thought this was all about oil...
Heidi Grant, deputy undersecretary of the Air Force for international affairs, said that Air Force arms sales doubled from $4.7 billion in 2005 to $10.5 billion in 2011, before vaulting to $38.3 billion in 2012 because of a huge F-15 sale to Saudi Arabia. Grant said she expected Air Force arms sales to remain around $10 billion in the foreseeable future.
The Air Force currently oversees 2,800 foreign military sales cases valued at $138 billion in 100 countries, she said. "I see the caseload and the dollars continuing to increase."
William Swanson, chief executive of Raytheon Co , told Reuters in an interview that he and his top executives had planned 162 meetings over the coming days. "We are overbooked."
Silly Rabbits, you thought this was all about oil...