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Hagel Praises New Defense Cooperation Agreements With India

WASHINGTON, Jan. 25, 2015 – Defense Secretary Chuck Hagel issued a statement today applauding agreements on defense cooperation between the United States and India, announced by President Barack Obama and Indian Prime Minister Narendra Modi.

Hagel's statement reads as follows:

South Korea cancels F-16 upgrade deal with BAE Systems: Pentagon

BY ANDREA SHALAL
WASHINGTON Wed Nov 5, 2014 6:29pm EST
(Reuters) - The U.S. government on Wednesday said it had canceled, at the request of South Korea, a preliminary contract with the U.S. unit of Britain's BAE Systems (BAES.L) to upgrade 134 F-16 fighter jets, ending a major arms deal initially valued at $1.7 billion.

The unusual move, announced by the Pentagon's Defense Security Cooperation Agency, paves the way for South Korea to pursue a similar upgrade deal with Lockheed Martin Corp (LMT.N), the warplanes' original manufacturer.

Republic of Korea Requests U.S. Government Terminate KF-16 Upgrade Contract with BAE

On November 5, 2014, at the request of the Government of the Republic of Korea, the U.S. Government notified BAE Systems Technology Solutions & Service of Rockville, Maryland, that it would terminate for convenience a contract with BAE for initial development and long lead production in support of the Republic of Korea KF-16 fighter aircraft upgrade.  This contract was the first of a two-phase Foreign Military Sales (FMS) procurement for the upgrade of 134 KF-16s.  The U.S. Government will work with BAE to close out the contract.

Defense News Interviews VADM Joe Rixey

Defense News with Vago Muradian
DSCA's Strategic Plan: Vision 2020
VADM Joe Rixey, Director of the Defense Security Cooperation Agency, on the agency's future.

A link to the article is available here.

Cost of Foreign Military Sales Reduced

WASHINGTON, November 3, 2014 -- The Defense Security Cooperation Agency (DSCA) announced today that it is reducing the cost to its international customers of doing business through the Foreign Military Sales (FMS) program.  Effective 1 December 2014, the FMS Contract Administration Services (CAS) Surcharge Rate will decrease from 1.5 percent to 1.2 percent.  

US Military Sales to Allies Tops $34B in 2014

Article Sourced From:
Defense News Oct. 27, 2014

Article By:
Paul McLeary

Fiscal Year 2014 Foreign Military Sales Exceed $30B

WASHINGTON, October 27, 2014 - The Defense Security Cooperation Agency (DSCA) announced sales of $34.2 billion for Fiscal Year 2014.  

Sales under the government-to-government Foreign Military Sales (FMS) Program totaled $31.2 billion while sales executed using non-FMS cases managed under various security cooperation authorities totaled $3.0 billion for Fiscal Year 2014.

DSCA Releases New Plan To Battle Increasing Global Competition

Article Sourced From:
InsideDefense.com, October 1, 2014

Reforms Push New Day for US Foreign Military Sales

Article Sourced From:
Defense News Oct. 1, 2014

Article By:
Paul McLeary

DSCA Needs To Evolve To Fit In New World Norm, Director Says

Article Sourced From:
Inside the Pentagon. Vol 30, No. 39, September 25, 2014

Article By:
Scott Maucione

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