U.S. Foreign Military Sales hit $33.6 billion for 2016

U.S. Foreign military sales in fiscal 2016 reached a total of $33.6 billion, according to the U.S. Defense Security Cooperation Agency.


DSCA, which manages the U.S. Foreign Military Sales program, announced that the total includes $2.9 billion of Foreign Military Financing-funded cases; $5.0 billion in Building Partner Capacity-funded cases; and $25.7 billion funded by partner nations.

"Fiscal Year 2016 sales were strong and demonstrate that the FMS process is responsive," said DSCA Director Vice Adm. Joseph Rixey. "Whether a sale is 'counted' under one fiscal year or the next is dependent on when each case is implemented, so comparison of the year-to-year totals can be misleading. Instead, when you examine the three-year moving sales averages, you can see the continuing, growing sales-trend over the last decade.

"This year's totals indicate that our partners continue to seek the quality products and services we offer."
 [upi.com]
10/11/16