Iraq has made a down payment of $1.4 billion to the United States on 18 F-16 fighter jets that are intended to protect Iraqi sovereignty when the U.S. is gone. But the planes will not be delivered for years to come, and U.S. forces are required by the status-of-forces agreement to withdraw by the end of December. (more)
Even with a faltering economy and a slump in global arms sales overall, that industry is booming for the U.S., which increased its annual market share to more than two-thirds of all foreign arms deals in 2008. That means that 68.4 percent of armaments trades involve U.S. sales.