The Arms Business Is Good

Report: Arms Sales To Middle East Up 38 Percent -- Voice Of America

New data shows that arms transfers to the Middle East have increased by 38 percent during the past five years, compared to the previous five. The data show the United States, Russia and Germany remain the world's largest arms exporters.

The report by the independent Stockholm International Peace Research Institute shows the volume of arms transfers worldwide increased by 21 percent during the group's latest five-year reporting period.

Arms transfers had been at their lowest level since the 1960's during the previous reporting period between 1999-2003.

The list of top arms exporters has remained constant for many years, as Paul Holtom, the Head of SIPRI's Arms Transfer Program explains.

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My Comment: Most of the Arab nations are looking at Iran and their allies like Hamas, Hezbollah, and Syria .... and see a threat. No surprise ... they are now arming themselves to the teeth. With tensions not decreasing but instead increasing .... expect record purchases for fiscal 2009.