According to the Defence Security Cooperation Agency (DSCA) report, India emerged as the third largest purchaser of US arms with contracts worth $4.5 billion in the year ended 30 September 2011 as US weapons sales rose to $34.8 billion in fiscal 2011. Defence Security Cooperation Agency is the Pentagon agency that oversees foreign arms sales.
Even though the US firms lost the bid for an estimated USD 10 billion contract for sale of 126 jets to Indian Air Force (IAF), India was listed as the third largest purchaser of US arms through the government to government channel Foreign Military Sales (FMS).
American arms sales to India include Naval Reconnaissance planes, giant transporters, sea-skimming missiles and other weapon systems.
According to the report government-to-government foreign military sales totalled $28.3 billion in fiscal 2011, while other sales managed by various government agencies reached $6.5 billion. The Pentagon had projected government-to-government sales would reach $36.3 billion for the year ending 30 September 2011.
Afghanistan, Taiwan, India, Australia and Saudi Arabia emerged the top buyers of US arms.
Topping the list for the fiscal year 2011 ending 30 September 2011 were- the Afghan Security Forces ($5.4 billion); Taiwan (US $4.9 billion); India ($4.5 billion); Australia ($3.9 billion); Saudi Arabia ($3.5 billion); Iraq ($2.0 billion); the United Arab Emirates ($1.5 billion); Israel ($1.4 billion); Japan ($0.5 billion); and Sweden ($0.5 billion).
The DSCA expected foreign military sales to continue to be about $30 billion for fiscal 2012.
Australia with USD 3.9 billion was fourth on the list, followed by Saudi Arabia (USD 3.5 billion), Iraq (USD 2.0 billion), the UAE (USD 1.5 billion), Israel (USD 1.4 billion), Japan (USD 0.5 billion) and Sweden (USD 0.5 billion).
US Foreign Military Sales passed the USD 30 billion mark for the fourth consecutive year, with the 2011 figure starting USD 34.8 billion.
Even though the US firms lost the bid for an estimated USD 10 billion contract for sale of 126 jets to Indian Air Force (IAF), India was listed as the third largest purchaser of US arms through the government to government channel Foreign Military Sales (FMS).
American arms sales to India include Naval Reconnaissance planes, giant transporters, sea-skimming missiles and other weapon systems.
According to the report government-to-government foreign military sales totalled $28.3 billion in fiscal 2011, while other sales managed by various government agencies reached $6.5 billion. The Pentagon had projected government-to-government sales would reach $36.3 billion for the year ending 30 September 2011.
Afghanistan, Taiwan, India, Australia and Saudi Arabia emerged the top buyers of US arms.
Topping the list for the fiscal year 2011 ending 30 September 2011 were- the Afghan Security Forces ($5.4 billion); Taiwan (US $4.9 billion); India ($4.5 billion); Australia ($3.9 billion); Saudi Arabia ($3.5 billion); Iraq ($2.0 billion); the United Arab Emirates ($1.5 billion); Israel ($1.4 billion); Japan ($0.5 billion); and Sweden ($0.5 billion).
The DSCA expected foreign military sales to continue to be about $30 billion for fiscal 2012.
Australia with USD 3.9 billion was fourth on the list, followed by Saudi Arabia (USD 3.5 billion), Iraq (USD 2.0 billion), the UAE (USD 1.5 billion), Israel (USD 1.4 billion), Japan (USD 0.5 billion) and Sweden (USD 0.5 billion).
US Foreign Military Sales passed the USD 30 billion mark for the fourth consecutive year, with the 2011 figure starting USD 34.8 billion.
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