US Foreign Military Sales Top $65 Billion -- Aol Defense
WASHINGTON: US foreign military sales are growing so fast the Pentagon can't keep its PowerPoint slides updated -- and they may well grow still more if a Defense Department policy easing exports of unmanned aircraft to 66 countries gets interagency and Congressional approval.
When Defense Security Cooperation Agency staff put together a briefing for DSCA deputy director Richard Genaille to give today at the National Press Club, new Foreign Military Sales (FMS) for fiscal year 2012 were at $64 billion. "It's now $65 billion and will probably go up more in this fiscal year," Genaille told the audience this morning at the ComDef 2012 conference. All told, Genaille said, "the FMS portfolio is valued at $385 billion dollars," and supports "at least 3.5 million jobs, [at] a conservative estimate."
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