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Surge in U.S. weapon sales overseas
A Japanese F-2 Fighter Jet built and designed largely by Lockheed Martin, a major US defense contractor. Sales of US defense technology to other countries has surged recently.
June 12th, 2012
06:26 PM ET
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Surge in U.S. weapon sales overseas

By Larry Shaughnessy

American arms exporters, in the midst of a defense spending slowdown here in the U.S., are enjoying an increase in overseas sales, according to a new State Department report.

The government authorized the sale of more than $44 billion in military and other U.S. technical hardware in fiscal year 2011, a jump of more than $10 billion over the year before, according to U.S. officials.

In order for a company to sell military hardware or sophisticated non-military hardware, like satellites, it must obtain a license for each sale from the State Department.
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Filed under: Afghanistan • Defense Spending • Japan • Jordan • Military • Pakistan • State Department • Technology