On December 22, 2021, the Defense Security Cooperation Agency (DSCA) announced the Fiscal Year 2021 transaction figures for the Foreign Military Sales (FMS) Program, reporting $34.8 billion in total transaction value. FMS declined for the second consecutive year, down 31 percent from $50.8 billion dollars in transactions in FY 2020.
Continue Reading U.S. Foreign Military Sales Down Over Thirty Percent in FY 2021
FMS
A New Normal for Foreign Military Sales? Total Sales for FY 2019 Nearly Matches FY 2018
By Nooree Lee & Scott A. Freling on
Posted in FMS and DCS
On October 15, 2019, the Defense Security Cooperation Agency (DSCA) announced that foreign arm sales for Fiscal Year (FY) 2019 totaled $55.4 billion.
This amount nearly matches the total from FY 2018 of $55.7 billion, continuing the significant increase in foreign arm sales under the Trump Administration and potentially signaling…
Continue Reading A New Normal for Foreign Military Sales? Total Sales for FY 2019 Nearly Matches FY 2018
New Law Streamlines U.S. Sales to Jordan
By Sandy Hoe on
Posted in Defense Industry, FMS and DCS
Last year we reported on bipartisan efforts to fast-track sales of U.S. defense articles and services to the Hashemite Kingdom of Jordan (“Jordan”). Last week President Obama signed into law the United States-Jordan Defense Cooperation Act of 2015 (“Act”).
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Increasing U.S. Sales of Defense Articles and Services to Jordan
By Covington Team on
Posted in Defense Industry, FMS and DCS
Despite other areas of disagreement involving the defense budget and U.S. military strategy in the Middle East, the Obama Administration and Senate Republicans might be uniting to fast-track the sale of U.S. defense articles and services to U.S. allies fighting against the Islamic State of Iraq and Syria (“ISIS”). Consider three recent developments involving Jordan.
Continue Reading Increasing U.S. Sales of Defense Articles and Services to Jordan