WORLD_ US on Track for Record Foreign Weapon Sales

DefenseNews

US on Track for Record Foreign Weapon Sales

By: Aaron Mehta, December 26, 2016

(Photo Credit: Master Sgt. Eric Burks/US Air Force)


WASHINGTON – In just three short months, the US State Department has blown past its dollar total of foreign weapon sales cases for all of last year -- but a close look at the numbers shows that industry should temper its expectations for the rest of 2017.

Through Dec. 23, the State Department has ok’d 21 foreign sales cases, worth an estimated total of $45.2 billion dollars. For all of fiscal year 2016, DSCA cleared $33.6 billion. In other words, it took the State Department less than three months to clear roughly $12 billion more of foreign military sales cases than it did all of last year.

If those trends hold up, 2017 would be on pace to beat the $68.6 billion record in total foreign weapons sales, set in 2012.

A few caveats are involved when discussing foreign sales. These are sales that are sent to Congress for final clearance, and then the actual agreement must be negotiated, so this total does not mean that the sale gets done. Additionally, the dollar figure can change as negotiations occur. However, the total foreign military weapon sales cases cleared by State is a widely used figure to judge the health of American defense exports, and so is notable.

READ MORE: http://www.defensenews.com/articles/us-on-track-for-record-foreign-weapon-sales

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