Foreign sales of military arms and equipment across the world totalled $374.8 billion in 2016, the first year of growth (by 1.9 per cent), after five years of decline. American companies had a $217.2 billion lion’s share of foreign arms sales. Seven out of ten of the world’s top arms companies were American, earning $152.1 billion, with Lockheed Martin leading with $40.8 billion.
US Ambassador to the UN Nikki Haley has accused Iran of violating international law by supplying missiles to Houthi rebels in Yemen. Tehran has rubbished the claims as “unfounded” and “fabricated.”