State Department: Implemented FY-21 FMS sales totaled $34.8B

Implemented foreign military sales totaled $34.8 billion in fiscal year 2021, the State Department announced today, a drop of some $16 billion compared to the prior year.

Meanwhile, officials reported that direct commercial sales, involving a foreign entity and a U.S. firm, logged an FY-21 value of $103.4 billion, down from $124.3 billion the year before.

The new totals mark respective decreases of around 31% for foreign military sales and 17% for direct commercial sales between FY-20 and FY-21.

For direct commercial sales, the $103.4 billion figure “includes the value of hardware, services, and technical data authorized from exports, reexports, and retransfer,” the release notes. Among the sales that required congressional notice was a $735 million deal with Israel involving Joint Direct Attack Munitions and Small Diameter Bombs, per the release.

The three-year rolling average of those sales between FY-19 and FY-21 is $114.1 billion -- a value used, the release said, because many transfers include multi-year implementation schedules.

Top foreign military sales cases that involved congressional notification last fiscal year included a $2.43 billion F-16 Block 70-72 aircraft agreement with the Philippines and more. The three-year rolling average of those government-to-government sales between FY-19 and FY-21 is $47 billion, the release notes.