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U.S. sales to foreign militaries top $41 billion in fiscal year 2017

Nov. 30 (UPI) — The United States logged $41.93 billion in army apparatus and services and products sales to different international locations in Fiscal Year 2017, in accordance to the Pentagon.

The determine used to be launched Wednesday via the U.S. Defense Security Cooperation Agency, or DSCA, which manages the U.S. Foreign Military Sales program.

According to DSCA, the overall sales integrated $6.04 billion of offers funded via the State Department’s Foreign Military Financing program, $three.87 billion got here from offers funded below Defense Department government, and $32.02 billion have been funded via spouse countries throughout the Foreign Military Sales machine.

The totals display sturdy purchaser call for for U.S.apparatus and services and products, DSCA stated, which has been operating different businesses and different stakeholders to streamline processes when turning in functions to U.S. companions.

“This positive sales trend isn’t surprising as the United States is the global provider of choice for Security Cooperation,” Lt. Gen. Charles W. Hooper, who was DSCA’s Director in August, stated in a press free up. “We deliver not only the most effective defense systems to our partners, but we also ensure a ‘Total Package’ approach that includes the provision of training, maintenance, and sustainment, to support full spectrum capability for our partners.”

FMS, licensed via the Arms Export Control Act and below the course of the Secretary of State, is used to additional U.S. foreign coverage and nationwide safety goals via sales of protection articles to foreign international locations and global organizations.

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