“The world may be in the midst of a crippling recession but many nation states are still throwing money at national security, according to figures released by the Stockholm International Peace Research Institute (SIPRI).
“While industries such as banking, construction and automotive have been ravaged during the past five years, SIPRI's findings reveal the average volume of arms sales has risen by 22%, meaning the global arms trade is now far in excess of the $1,000bn it reached in 2006.”
Here’s the full story on Army-Technology.com: Up in Arms - the World's Military Exports
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