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A newly released State Department fact sheet reported the three-year rolling average of implemented Foreign Military Sales (FMS) was down to $47 billion in fiscal year 2021 compared to nearly $54 billion in FY ‘20. The department notes that given multiyear implementation for many arms transfers and defense trade cases, it uses a three-year rolling average to report average values, which means the FY ‘21 numbers average the values from FY '19 to ‘21. The State Department disclosed the latest…
