In 2007 the United States again led the world in delivery of and sales agreements for conventional arms. In that year, the value of global transfer agreements rose to nearly $60 billion, up approximately $5 billion from 2006, with the majority of the increase coming in arrangements with developing countries. The value of global deliveries fell, however, according to the latest annual report by Congressional Research Service analyst Richard Grimmett. (Continue)
Congress adjourned in October without acting on proposed defense trade treaties inked in 2007 with
After dipping in 2006, global conventional arms exports last year rose because of increased weapons transfers by
In part in response to a July 2007 Government Accountability Office (GAO) report critical of the Department of Defense’s record keeping, Congress has passed legislation mandating new tracking requirements for defense articles provided to Iraq. Another congressionally approved measure places restrictions on military aid to some countries and calls for spending to help others based on humanitarian factors. (Continue)
Citing threats from Iran, Syria, and various terrorist groups, the Bush administration is offering more than $60 billion in new weapons and military assistance to Egypt, Israel, Saudi Arabia, and other U.S. allies in the Middle East. (Continue)