Obama Pushes for Increased Arms Sales

WASHINGTON — The United States is currently the world biggest weapons supplier — holding 30 per cent of the market — but the Obama administration has begun modifying export control regulations in hopes of enlarging the U.S. market share, according to U.S. officials.

President Barack Obama already has taken the first steps by tucking new language into the Iran sanctions bill signed in early July. His aides are now compiling the “munitions list,” which regulates the sale of military items.

The administration’s stated reason for the changes is to simplify the sale of weapons to U.S. allies, but potential spinoffs include generating business for the U.S. defense industry, creating jobs and contributing to Obama’s drive to double U.S. exports by 2015.

Critics say the reforms are being rushed and warn that the expedited procedures could allow weapons technology to fall into the wrong hands.

India, which currently is seeking 126 fighter-jets worth over $10 billion, 10 large transport aircraft worth $6 billion, and other multi-billion dollar defense sales, could be among the possible beneficiaries. Allies seeking advanced U.S. weaponry and equipment, who now often buy elsewhere due to the cumbersome U.S. approval process, would draw immediate benefit from the reforms, U.S. officials said.


[ad]

3 comments to Obama Pushes for Increased Arms Sales

  • Lance Winslow

    It’s too bad the US doesn’t have a 100% of this market, as that would prevent rogue nations from gettings stuff which jeopardizes Whirled Peas!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  

  

  

sharethis_button(); }?>