Sales of U.S. military equipment to foreign governments rose 33 percent to $55.6 billion in the fiscal year ended Sept. 30, a U.S. official told Reuters on Tuesday, as looser restrictions on sales have begun to increase arms deals.
U.S. foreign military sales total $55.6 billion, up 33 percent: U.S. official
STEPANAKERT, OCTOBER 10, ARTSAKHPRESS: The increase in foreign military sales came in part because the Trump administration rolled out a new “Buy American” plan in April that relaxed restrictions on sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry, Reuters reports.
President Donald Trump wants to make the United States, already dominant in the global weapons trade, an even bigger arms merchant to the world, U.S. officials have said, despite concerns among human rights and arms control advocates.
There are two major ways foreign governments purchase arms from U.S. companies: direct commercial sales, negotiated between a government and a company; and foreign military sales, in which a foreign government typically contacts a Department of Defense official at the U.S. embassy in their capital. Both require approval by the U.S. government.
About $70 billion worth of foreign military sales notifications went to Congress this year, slightly less than the previous year, an administration official said.
