U.S. to export $46.1 billion in weapons in 2011June 11, 2011 - 12:03 AMT PanARMENIAN.Net - The United States plans to export $46.1 billion in weapons this year, nearly doubling its 2010 figures, officials said. During the fiscal year 2011, which ends September 30, Washington expects the sales of equipment and military services through its Foreign Military Sales process to grow. About 79 percent of these exports are financed by client countries and organizations, with the remainder funded by U.S. aid programs, AFP reported. U.S. military equipment sales, confined to about $10 billion in the early 2000s, tripled to around $30 billion after 2005. "From 2005 to 2010, we have delivered through the Foreign Military Sales process $96 billion worth of equipment, goods and services to partner countries," said Defense Security Cooperation Agency Director Vice Admiral William Landay. Ten years ago, clients were most interested in purchasing material at the lowest cost, even if that meant spacing out deliveries, he explained. The rise in exports has led the DSCA to revise its procedures to ensure faster deliveries by determining what type of weapons or other military equipment should be delivered to which country before even being contacted by a client, and purchasing the equipment before it is sold. In all, over 13,000 contracts are currently underway with 165 countries for $327 billion, according to Landay. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |