Sunday, August 1, 2010

Obama's Drive to Double U.S. Arms Exports by 2015

By Maggie Bridgeman

The United States is currently the world biggest weapons supplier — holding 30 per cent of the market — but the Obama administration has begun modifying export control regulations in hopes of enlarging the U.S. market share.The administration's stated reason for the changes is to simplify the sale of weapons to U.S. allies, but potential spinoffs include generating business for the U.S. defense industry, creating jobs and contributing to Obama's drive to double U.S. exports by 2015.India, which currently is seeking 126 fighter-jets worth over $10 billion, 10 large transport aircraft worth $6 billion, and other multi-billion dollar defense sales, could be among the possible beneficiaries. Allies seeking advanced U.S. weaponry and equipment, who now often buy elsewhere due to the cumbersome U.S. approval process, would draw immediate benefit from the reforms, U.S. officials said.
Read More

0 comments:

Related Posts Plugin for WordPress, Blogger...

Share

Twitter Delicious Facebook Digg Stumbleupon Favorites More