The Defense Department expects to sell foreign militaries a record-breaking $46.1 billion worth of arms and equipment during 2011, according to Richard Genaille, the deputy director of the Defense Security Cooperation Agency, which handles sales between the U.S. and foreign militaries. “For years and years, we were hovering somewhere between $10 billion and $12 billion of new business every year,” Genaille said at the Sea Air Space Exposition in Oxon Hill, MD, today. “But this fiscal year is forecast to...
