29 Nov '17, 8pm

America sold nearly $42B in weapons to foreign countries in 2017

WASHINGTON ― U.S. defense companies sold $41.93 billion worth of weapons to foreign partners and allies in fiscal 2017, an almost 20 percent increase over 2016 figures. Of that total, $32.02 billion came through Foreign Military Sales, $6.04 billion was through Foreign Military Financing and $3.87 billion in cases funded through other Defense Department authorities, according to a Wednesday announcement from the State Department. Regionally, sales made through FMS and FMF totaled roughly $22 billion for Central Asia/Near East; $7.96 billion to the Indo-Pacific; $7.3 billion to Europe; $641.6 million to the Western Hemisphere; and $248.6 million to Africa. This number represents actual sales agreed to with customers, as opposed to notifications to Congress by the Defense Security Cooperation Agency, which also set a record in FY17. Those notifications are not final and only...

Full article: https://www.defensenews.com/pentagon/2017/11/29/america-s...

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