US foreign military sales exceeded $30 billion for the fourth consecutive year in Fiscal 2011, announced the Defense Security Cooperation Agency, which oversees the Pentagon’s transfer of military equipment to allies and friends. In total, DSCA recorded $34.8 billion in total equipment sales last fiscal year, which ended on Sept. 30. The bulk of that, or $28.3 billion, occurred under the government-to-government FMS program. The top three FMS customers were: Afghanistan ($5.4 billion), Taiwan ($4.9 billion), and India ($4.5 billion), according to the agency. Rounding out the top 10 were Australia ($3.9 billion), Saudi Arabia ($3.5 billion), Iraq ($2.0 billion), United Arab Emirates ($1.5 billion), Israel ($1.4 billion), Japan ($0.5 billion), and Sweden ($0.5 billion). DSCA forecasts that FMS sales will be around $30 billion in Fiscal 2012.
President Donald Trump on July 4 signed into law $150 billion in defense funds as part of the tax-and-spending package known as the “One Big, Beautiful Bill” after congressional Republicans approved the legislation in narrow, drawn-out votes earlier this week.
