The U.S State Department’s Directorate of Defense Trade Controls has estimated an increase of more than $10 billion in export licenses for weapons and military parts and services sold overseas by U.S. companies.
According to the report the estimated value of licenses issued was $44.3 billion compared with the previous year.
Brazil takes the lead with the highest numbers of sales compared with other nations. In 2010, the State Department approved licenses valued at as much as $219.9 million for sales to Brazil, up from $209.6 million in 2010.
With the largest deal valued at $158.3 million for military aircraft and associated equipment such as engines, technical data, components, emergency escape equipment and inertial navigation devices.
India comes in at a close second with approved licenses valued at $217.3 million, up from $154.5 million in fiscal 2010. Like Brazil, India’s biggest purchase was military aircraft and associated equipment.
Middle East nations also figured on the list with sales to Egypt estimated at $114 million in 2011, a rise from the 2010 licenses valued at $91 million.
The value of licenses issued for Yemen also increased to $24.3 million in 2011 up from $4.1 million in 2010.
Source: defenseworld.net
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