German Arms Exports Nearly Double In 2015

The US isn’t the only country to can crank up its sales of weapons around the world. As we have pointed outpreviously, Germany is also a relatively large exporter in the global arms trade.
It turns out that Germany had a booming arms export business in 2015, because as Reuters reports, German arms exports almost doubled last year to their highest level since the beginning of this century. The value of individual approvals granted for exporting arms was 7.86 billion last year compared to 3.97 billion in 2014. Exports were boosted by a the approval of four tanker aircraft for Britain worth 1.1 billion, and a controversial approval of battle tanks and howitzers along with munitions to be sent to Qatar.

This post was published at Zero Hedge on Jul 3, 2016.