By Paul Cleary
AUSA CONFERENCE: The United States sold $55.6 billion worth of weapons to allies in fiscal 2018, a massive 33 percent increase over 2017 as the Trump administration has given the Pentagon and State Department a green light to sell more, more quickly, overseas.
By Aaron Mehta
WASHINGTON — 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.
WASHINGTON, October 9, 2018 -- The Defense Security Cooperation Agency (DSCA) announces Foreign Military Sales (FMS) of $55.66 billion for Fiscal Year 2018. The total sales figure includes all sales executed through the FMS program to include: $3.52 billion for cases funded by the State Department’s Foreign Military Financing Program; $4.42 billion for cases funded under Defense Department authorities; and $47.71 billion funded by partner nations.
FARNBOROUGH, England, July 19, 2018 — As the Trump administration pushes the sale of American weapons as a key part of its plan to grow the economy, America has already eclipsed its overall defense trade total from last year.