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Oct. 11 Oct. 8, at the National Defense Industrial Association's Air Armament Symposium in Ft. Walton Beach, FL, Brig. Gen. Genaro Dellarocco, the Army's program executive officer for missiles and space, told an audience of industry representatives that the financial crisis is actually driving up global arms sales.
"We've got an opportunity here. Let me explain in a couple of different ways. . . . No matter who gets elected -- irrelevant -- we're going to have an unstable world out there. And that is producing a lot of angst. The economy isn't well.
“So, what's happening? People are arming themselves to protect themselves, to protect their investments, to protect their people, to protect their borders,” he added. “We're getting a lot of business."
Dellarocco then highlighted high-profile pending foreign military sales to the United Arab Emirates.
"We're all ready to sign a $7 billion Patriot case with the United Arab Emirates,” he said. “And every one of my shops, except for ((Non-Line-of-Sight Cannon)), has a FMS case with UAE."
He also mentioned the three Terminal High Altitude Air Defense fire units, estimated to cost $ 6.95 billion, that the Army intends to sell to the UAE, as well as another "three dozen" foreign military sales in the works.
And . . .
Of those sales, he said, this is "investment that everyone in this room has contributed to at the gas pump. Our treasure went over to their treasure and the way we get it back -- we sell our technology and our weapon systems."
-- Kate Brannen