U.S. Projects More Than $46 Billion in Arms Exports in 2011
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The U.S. Defense Department expects fiscal year 2011 arms exports to exceed $46 billion, driven by demand for aircraft and air-defense systems, a defense official said today.
“This fiscal year is forecast to be higher than ever -- higher than $46 billion,” said Richard Genaille, deputy director of the Pentagon’s Defense Security Cooperation Agency, at the annual conference of the Navy League at National Harbor, Maryland.