U.S. Military Sales Abroad Are Booming

Defense News: 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 apply to potential sales that must be cleared by Congress.

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More News On U.S. Military Sales Abroad

Pentagon: US sold almost $42B in weapons to other nations in 2017 -- The Hill
U.S. sales to foreign militaries top $41 billion in fiscal year 2017 -- UPI
US arms sales jump 25 percent in FY 2017 -- Defence Web
US Foreign Military Sales Hit $42B in Fiscal 2017; Lt. Gen. Charles Hooper Comments -- Executive Government