Boosted By Sale To Saudi Arabia, U.S. Expects $60 Billion In FMS In FY-12

By Jordana Mishory / June 29, 2012 at 10:26 AM
The Pentagon anticipates a record $60 billion in foreign military sales this fiscal year, a projection that industry analysts say could stem from potential arms sales to Taiwan, India or Japan. Defense Security Cooperation Agency Deputy Director Richard Genaille said that as of May 4, the United States had $50 billion in foreign military sales this fiscal year, adding he anticipates that figure will increase another $10 billion before year's end. "We're doing good," Genaille said during a Bloomberg Government...

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