Global military arms expenditures
The American Prospect magazine,
Global military expenditures topped $950
billion in 2003.
Arms transfers accounted for $25.6 billion
of this figure.
60 percent of all arms sales from 2000-2003
were made to developing nations.
The five permanent members of the United
Nations Security Council (China, France, Russia, the United Kingdom,
and the United States) are the largest arms dealers, contributing
88 percent of all conventional arms sales.
Of the G8 nations, Japan is the only country
that fails to make the top 10 arms-exporting countries ... In
2004, China and India were the two largest recipients of global
The U.S. share of total arms deals in
2003 was 45 percent. The total value of these sales was $6.2 billion.
In 2003 , that figure was $8.9 billion.
The United States sold weapons to 18 of
the 25 countries actively engaged in military conflict.
In 2003, 80 percent of the top 25 importers
of U.S. arms, including Saudi Arabia and Uzbekistan, were identified
as either 'undemocratic" or human-rights violators by the
U.S. State Department.
$845.6 million of U.S. arms sales that
year went to Israel. President Bush's fiscal year 2006 budget
seeks to increase military aid to Israel by $80 million.
Of nations said by the State Department
to harbor terrorists, nearly 90 percent have been sold weapons
by the United States In spite of these facts, the United States
and the European Union have enacted 'Codes of Conduct" for
arms sales. They stipulate that companies should not sell arms
to countries with undemocratic governments or regimes that engage
in human rights abuses, nor to nations where internal or external
conflicts will be increased due to the presence of weapons.
Taxpaying Americans subsidize domestic
arms-trading companies to the tune of $6 billion to $7 billion
95 percent of Lockheed Martin's $31 billion
annual sales are military transactions.
America's highest-paid CEO-pulling down
$88.7 million in 2004-was George David of United Technologies,
which last year did $5.1 billion in military sales.