TV News LIES

Saturday, Jul 26th

Last update04:59:16 AM GMT

You are here News Economy U.S. defense industry depends on Mideast

U.S. defense industry depends on Mideast

E-mail Print PDF

U.S. defense industry depends on MideastMiddle East arms sales, such as the massive $67 billion military package for Saudi Arabia, are keeping the U.S. defense industry in business. These days, with the Arab world in turmoil, two presidents booted out and a third fighting for survival of his authoritarian regime, that strategy is being questioned.

The wave of unrest in the region has given new weight to concerns that the vast arsenals of weapons the United States has sold to Arab states over the years could fall into the hands of anti-American forces.

That's what happened in 1979 when Iran's Islamic revolution ousted Shah Mohammed Reza Pahlavi, the Americans' key ally in the oil-rich Persian Gulf.

The mullahs inherited a U.S.-made armory, including 77 Grumman F-14 Tomcat fighters and 190 McDonnell Douglas F-4 Phantoms, then top-of-the-line combat jets. The current political turmoil engulfing the Middle East caught everyone by surprise -- the Americans, the Israelis, the regimes themselves -- underlining the dangers that critics have been warning about for so many years.

So far, no extremist Arab regime has emerged although the way things are going that could happen.

More...


Most Recent Related Stories...


Bond trader could face nine years in prison in rare criminal prosecution

Blond trader to faced jail timeJesse Litvak was ecstatic.  It was March 31, 2010, and the mortgage bond trader at Jefferies...

This Nonexistent Social Network With No Revenues and No Assets Is Worth $4 Billion

Nonexistent tech companyIf you thought the potato-salad Kickstarter story was a crazy example of free markets run amok,...

Microsoft to cut 18,000 jobs this year as it trims Nokia

MicrosoftMicrosoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of...

Citigroup may pay $7 billion to resolve U.S. mortgage probes

CitigroupCitigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!