Industry

Foreign weapons sales reach $34 billion

The top recipient of U.S. weapons in 2011 was the Afghan
Security Forces, which spent $5.4 billion. Taiwan followed at $4.9 billion,
followed by India ($4.5 billion), Australia ($3.9 billion), Saudi Arabia ($3.5
billion) and Iraq ($2 billion).

{mosads}Weapons sales to foreign governments are one avenue that
contractors are examining as the Pentagon plans to trim its budget in the
coming years.

Initial forecasts for 2012 are around $30 billion in foreign
arms sales, the agency said, though official projections are still being
finalized.