1. EXPORTS

    U.S. Sells Most Weapons Globally

    Two US F-15 fighter jets and a French Mirage 2000C (top) take part in a war games exercise in Antofagasta, some 1300 km north of Santiago, on October 26,2009. Salitre II is a international military exercise to share operational and tactical experience in a simulated mission to keep peace. The countries involved are Argentina, Brazil, the US, France and Chile.  AFP PHOTO/MARTIN BERNETTI (Photo credit should read MARTIN BERNETTI/AFP/Getty Images)

    Martin Bernetti, AFP / Getty Images

    American arms sales hit a record high in 2011, a congressional study found, with many of the new buyers in Persian Gulf countries that fear an expansionist Iran. Foreign weapon sales brought in $66.3 billion for American companies last year, triple the amount from the previous year and totaling 75 percent of the total global arms market. The nonpartisan Congressional Research Service carried out the report. Among the weapons sold were 84 F-15 fighter jets to Saudi Arabia and a sophisticated Terminal High Altitude Air Defense system to the United Arab Emirates.

    Read it at The New York Times