A new Congressional Research Service report says the U.S. recorded $36.2 billion in foreign arms sales in 2014, an approximately $10 billion increase from $26.7 billion in 2013, DoD Buzz reported Monday.
Brendan McGarry writes the U.S. worldwide arms transfer deals are comprised mainly of Qatarâ€™s $9.6 billion purchase of Lockheed Martin-built Patriot PAC-3 missiles, Raytheon-made Javelin missiles and Boeing-produced AH-64 Apache attack helicopters, and South Koreaâ€™s $7 billion order for Northrop Grumman-built RQ-4 Global HawkÂ drone and other supplies.
According to the congressional report, the total arms sales worldwide hit $71.8 billion in 2014.
South Korea inked weapons contracts worthÂ $7.8 billion in 2014, making it the worldâ€™s top arms buyer followed by Iraq and Brazil, FandosÂ writes.
The report also concluded that the international market for weapons remained steady in 2014 due to “the weakened state of the global economy,” according to NY Times.