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Business/Financial

Foreign Military Sales Surpass $30 Billion For Fourth Year

By Cal Biesecker

Thursday, December 8th, 2011

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The Defense Security Cooperation Agency (DSCA) said the U.S. foreign military sales (FMS) it oversees reached $34.8 billion in Fiscal Year 2011, surpassing the $30 billion mark for the fourth consecutive year. Sales under the government-to-government FMS program were $28.3 billion, while sales executed by non-FMS cases managed under various security cooperation authorities were $6.5 billion, the agency said in a statement. The sales include cases signed by both the United States and foreign partners through Sept. 30, 2011. The…

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