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News Archive: July 2016

 

FARNBOROUGH, England (Reuters) - The U.S. government is on track to approve nearly $40 billion (£30.1 billion) in foreign military sales in the 2016 fiscal year that ends Oct. 1, down from $46.6 billion last year, a top Pentagon official said on Wednesday.

"We're tracking toward $40 billion. We're tracking towards our forecast," U.S. Navy Vice Admiral Joe Rixey, who heads the Pentagon's Defense Security Cooperation Agency (DSCA), told Reuters at the Farnborough International Airshow.