Weapons Journal: 8 June 2008 — Snapshot of Recent Arms Deals
(Source: Northrop Grumman)
In order to begin to grasp the scale and cost of arms, military equipment, and training sales, I put together a quick and dirty (incomplete) list of deals. The list was put together after a quick one hour scan of a handful of military industry journals and websites.
To provide perspective, global spending on the military is some $1,000 billion a year. The USA is the leader in sales of arms with roughly 39% of the total value of sales, followed by Russia (17%), and France (8%). These top countries are aggressively seeking to expand their total sales as well as their share of the market, as the industry is growing in size due to an international boom in military acquisitions.
Anup Shah’s Global Issues table is shown below for reference.
The list below are deals that have been sealed and completed.
Algerian Arms Deal Brings Russia $7.5 billion, Gas Market Leverage (To: Algeria; From: Russia; Cost: $7.5 billion)
Ascent Secures Contract for UK Military Flight Training (To:UK; From: Ascent Team of VT Group plc and Lockheed Martin; Cost: GBP 6 billion)
USA to improve forward operating base Speicher in Iraq (To: USA; From: Wintara, Inc.; Cost: $5.8 million)
Morocco Orders 24 F-16s (To: Morocco; From: Lockheed Martin; Cost: ?)
The list below are deals still in the works.
India to Purchase 126 Fighter Jets (To: India; From: In the works; Cost: $10 billion or more)
USA’s “Multi-Year VII” H-60 Helicopter Contract (To: USA; From: Sikorsky Aircraft Corp.; Cost: $7.4 to $11.6 billion)
Proposed in Sales, Upgrades, Weapons for Pakistan’s F-16s (To: Pakistan; From: U.S.A.; Cost: $5.1 billion)
India to Buy 80 Mi-17-1V Helicopters (To: India; From: Russia; Cost: ~$662 million estimate)
Indian Air Force To Acquire 22 Attack Helicopters (To: India; From: In the works; Cost: $550M)