U.S. sees drop in FY-16 foreign military sales

By Tony Bertuca / November 8, 2016 at 1:24 PM
The Defense Security Cooperation Agency has announced $33.6 billion in total foreign military sales for fiscal year 2016, a decrease of $13 billion from the previous year and lower than what the agency predicted in July. Vice Adm. Joseph Rixey, the DSCA director, urged observers not to focus on the year-to-year FMS numbers. "Fiscal year 2016 sales were strong and demonstrate that the FMS process is responsive," he said in a statement. "Whether a sale is 'counted' under one fiscal...

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