AFP
US Arms Sales Overseas Skyrocketed 33 percent in 2018

US Arms Sales Overseas Skyrocketed 33 percent in 2018 October 12, 2018

The U.S. inked $55.6 billion in foreign military sales during fiscal year 2018, easily smashing past the previous year’s total — and the Pentagon’s point man for security cooperation expects more in the future.

“This is a 33 percent increase over last year and I’m very optimistic that this positive trajectory will continue,” said Lt. Gen. Charles Hooper, the head of the Defence Security Cooperation Agency, during a speech at the AUSA conference. “Our partners know a good thing when they see one.”

Included in that total are $3.52 billion for cases funded by the State Department’s Foreign Military Financing program; $4.42 billion for cases funded under Defence Department authorities; and $47.71 billion funded through pure FMS cases, per the State Department.

In FY17, the U.S. sold $41.93 billion in FMS deals, and the Pentagon has not been shy about hyping the final dollar total for this year. In July, Hooper said the department had already inked $46.9 billion in deals, and a Pentagon report released last year said that the U.S. had inked $54.45 billion through the end of August.

Sales totals are volatile year over year, depending on what partner nations seek to buy. In FY16, sales totalled $33.6 billion, while FY15 totalled just more than $47 billion and FY14 totalled $34.2 billion.

In FY18 the State Department cleared roughly $70 billion in potential FMS deals, spread over 70 individual requests.

 

 

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