It siginifies a big threat for the world as it might reach the terrorists indirectly which might use them against us.The United States accounted for more than two-thirds of foreign weapons sales in 2008, a year in which global sales were at a three-year low, The New York Times reported. Citing a congressional study released on Friday, the Times said the United States was involved in 68.4%of the global sales of arms.
US weapons sales jumped nearly 50 %in 2008 despite the global economic recession to $37.8 billion from $25.4 billion the year before.The jump defied worldwide trends as global arms sales fell 7.6% to $55.2 billion in 2008, the report said. Global weapons agreements were at their lowest level since 2005.
Italy, the second ranked country, amassed only $3.7 billion in arms sales, while Russia ranked third with sales falling to $3.5 billion in 2008, down from $10.8 billion in 2007. The report attributed the increase in US sales to major new orders from clients in the Ne