Gallery: Arms Away

"In the 1990s, the United States controlled 60 percent of the global weapons market. Today, it is responsible for only about 30 percent. By focusing on cutting-edge technology and developing excessively expensive defense systems, Washington has left the door open for foreign competitors to market practical weapons at an affordable cost." --Caverley and Kapstein, "Arms Away"

President Obama at a Rolls-Royce Crosspointe facility in Virginia. (Larry Downing / Courtesy Reuters)