Nobel peace prize winning Obama Trip To India produces The 6th largest $5 billion Arms Deal In U.S. History during a Goverment shutdown
The Real Reason For Obama’s Trip To India: The Sixth Biggest Arms Deal In U.S. History
President Obama is traveling to India this weekend to make a $5 billion sale for 10 of Boeing’s C-17 cargo planes. If India signs the contract, this would be the sixth biggest arms deal in U.S. history.
This and the pending $60 billion deal with Saudi Arabia will certainly help to jump-start the economy, as they have for the past fifty years.
We’ve identified the biggest sales since 1973 with help from William Hartung at the Arms and Security Initiative at New America Foundation.
“There’s no question it’s big business,” he said. “But relative to the overall size of our economy and other things we export it’s not like these deals will make or break us.”
#10 Aircrafts and helicopters to Iran
Price of deal: $2 billion
Year: 1973
(Inflation adjusted: $10.1 billion)
Items purchased: Hundreds of supersonic military aircraft and helicopters
Source: The Baltimore Sun
#9 F-16s to four NATO countries
Price of deal: $2.12 billion
Year: 1975
(Inflation adjusted: $8.8 billion)
Items purchased: 348 F-16s
Source: The Chicago Tribune, F-16.net
#8 Planes to Turkey
Price of deal: $2.9 billion
Year: 2006
(Inflation adjusted: $3.2 billion)
Items purchased: 30 F-16s and related equipment
Source: Star-Telegram.com
#7 Combat jets to Poland
Price of deal: $3.5 billion
Year: 2003
(Inflation adjusted: $4.2 billion)
Items purchased: 48 F-16 Fighting Falcon combat jets
Source: F-16.net
#6 F-16s, aircrafts, weapons and electronics to Pakistan
Price of deal: $5.1 billion
Year: 2006
(Inflation adjusted: $5.6 billion)
Items purchased: 18 odd F-16s, but a four-in-one package of aircraft, weapons and electronics
Source: Times of India
#5 More F-16s to Taiwan
Price of deal: $6 billion
Year: 1992
(Inflation adjusted: $9.4 billion)
Items purchased: 150 F-16A/B aircraft (120 A-models and 30 B-models)
Source: F-16.net
#4 Arms to Saudi Arabia
Price of deal: $8.5 billion
Year: 1981
(Inflation adjusted: $21.3 billion)
Items purchased: –
Source: The LA Times
#3 F-15s to Saudi Arabia
Price of deal: $9 billion
Year: 1992
(Inflation adjusted: $14 billion)
Items purchased: 72 F-15 planes
Source: Bloomberg
#9 Arms to India
Price of deal: $10 billion
Year: 2009
(Inflation adjusted: $10.3 billion)
Items purchased: 126 multi-role fighters
Source: alarabiya.net
#1 Jets, helicopters to Saudi Arabia
Price of deal: $60 billion
Year: 2010
Items purchased: Fighter jets, attack helicopters and other material
Source: AOL News
How The Cost Of The Afghanistan War Compares To America’s 11 Other Wars
- 1/14
American Revolution cost $2.41 billion (inflation-adjusted)
Wikipedia
Date: 1775-1783
War cost % GDP in peak year of war: NA
Defense spending % of GDP: NA
Source: Congressional Research Service [PDF]
War of 1812 cost $1.55 billion (inflation adjusted)
Date: 1812-1815
War cost % GDP in peak year of war: 2.2
Defense spending % of GDP: 2.7
Source: Congressional Research Service [PDF]
Mexican War cost $2.38 billion (inflation adjusted)
Date: 1846-1849
War cost % GDP in peak year of war: 1.4
Defense spending % of GDP: 1.9
Source: Congressional Research Service [PDF]
Civil War costs $79.7 billion for both sides (inflation adjusted)
Date: 1861-1865
Union cost: $59.6 billion (inflation adjusted)
Union cost % GDP in peak year of war: 11.3
Union spending % of GDP: 11.7
Source: Congressional Research Service [PDF]
Spanish American War cost $9.03 billion (inflation-adjusted)
War cost % GDP in peak year of war: 1.1
Defense spending % of GDP: 1.5
Source: Congressional Research Service [PDF]
World War 1 cost $334 billion (inflation-adjusted)
Date: 1917-1921
War cost % GDP in peak year of war: 13.6
Defense spending % of GDP: 14.1
Source: Congressional Research Service [PDF]
World War 2 cost $4,104 billion (inflation-adjusted)
Date: 1941-1945
War cost % GDP in peak year of war: 35.8
Defense spending % of GDP: 37.5
Source: Congressional Research Service [PDF]
Korean War cost $341 billion (inflation-adjusted)
Date: 1950-1953
War cost % GDP in peak year of war: 4.2
Defense spending % of GDP: 13.2
Source: Congressional Research Service [PDF]
Vietnam cost $738 billion (inflation-adjusted)
Date: 1965-1975
War cost % GDP in peak year of war: 2.3
Defense spending % of GDP: 9.5
Source: Congressional Research Service [PDF]
Persian Gulf War cost 102 billion (inflation-adjusted)
Date: 1990-1991
War cost % GDP in peak year of war: 0.3
Defense spending % of GDP: 4.6
Source: Congressional Research Service [PDF]
- 13/14
BONUS: Total Post-9/11 wars cost $1,147 billion
Date: 2001-2010
War cost % GDP in peak year of war: 1.2
Defense spending % of GDP: 4.3
Source: Congressional Research Service [PDF]
Any questions?
Source: http://www.businessinsider.com/top-10-us-arms-deals-in-history-2010-11?op=1
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