Tuesday, October 15, 2019

U.S. Sold Over $55 Billion In Weapons To Allies And Partners Around The Globe In FY19

An airman poses in front of an F-15E Strike Eagle at the Paris Air Show, June 21, 2019. (U.S. Air Force photo by Master Sgt. Eric Burks)

Defense News: America sold over $55 billion in weapons in FY19

WASHINGTON — The U.S. sold $55.4 billion worth of weapons to allies and partners around the globe in fiscal year 2019, essentially flat from the previous fiscal year.

Of that total, $48.25 came in payments from partner nations, $3.67 billion from grant assistance programs such as Foreign Military Financing and the Global Peacekeeping Operations Initiative, and $3.47 billion for cases funded under Department of Defense Title 10 grant assistance programs, such as train and equip programs or the Afghan Security Forces Fund.

In FY17, the U.S. sold $41.93 billion in foreign military sales (FMS) deals. That number jumped a dramatic 33 percent in FY18, $55.6 billion in deals. While another major jump did not happen this year, Lt. Gen. Charles Hooper, the head of the Defense Security Cooperation Agency, expressed confidence that the various efforts to reform the security cooperation agency would continue to pay off in the future.

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Update: U.S. foreign military sales fall slightly to $55.4 billion in 2019 (Reuters)

WNU Editor: Apparently FY19 was a flat year.

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