Europe proves biggest spender on US arms: Report | WHAT REALLY HAPPENED

Europe proves biggest spender on US arms: Report

Europe proved to be the biggest spender on US-made arms last year, and is expected to retain a devouring appetite for the weapons in near future, shows one report.

The continent accounted for nearly a quarter of the $55.7 billion in foreign arms sales that the Pentagon’s Defense Security Cooperation Agency (DSCA) handled in the 2018 fiscal year, Reuters reported on Saturday, citing US Army Lieutenant General Charles Hooper, the DSCA’s director.

Various US arms makers, who were cited by the news agency, including Lockheed Martin and Boeing, also said that the European demand for warplanes, missile systems, and other weapons was growing.

Apparently in anticipation of high demand, Washington sent an especially-ranking delegation, including Commerce Secretary Wilbur Ross, to the Paris Airshow this year. The expo showcased products by nearly 400 US companies.

“Two Paris airshows ago, there weren’t a lot of orders,” said Rick Edwards, who heads Lockheed’s international division. “Now…our fastest growth market for Lockheed Martin in the world is Europe.”

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