| It is estimated that yearly, over 1 trillion dollars are spent on military expenditures worldwide (2% of World GDP). [1] Part of this goes to the procurement of military hardware and services from the military industry. The combined arms sales of the top 100 largest arms producing companies amounted to an estimated $315 billion in 2006.According to figures released by the US Congressional Research Service, Israel was the seventh largest arms exporter during the period 2000-2007 with sales worth an aggregate $10.8 billion.However, Ministry of Defense figures estimate Israel?s total exports in 2000-2007 nearer to $29.7 billion, a figure which places Israel in fourth place behind Russia, France and the US.Wake up people!! this is no laughing matter... |
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