U.S. Sales to Foreign Military Hit $33.6 Billion in 2016

Posted November 10, 2016 at 4:09pm

UPI reports that “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.'”