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October 25, 2015

US arms sales reach over $47bn for fiscal year 2015

The US arms sales for the fiscal year 2015 reached up to $47.085bn, the Defense Security Cooperation Agency (DSCA) has announced.

By Samseer M

The US arms sales for the fiscal year 2015 reached up to $47.085bn, the Defense Security Cooperation Agency (DSCA) has announced.

According to DSCA, sales under the government-to-government foreign military sales (FMS) programme totalled $35.359bn, while sales executed using US government appropriations under various security cooperation and security assistance authorities totalled $11.726bn.

DSCA director vice admiral Joseph W. Rixey said: "The Security Cooperation enterprise continues to refine how we most effectively and efficiently utilise our resources to address our partners’ needs while ensuring alignment with our national security and foreign policy objectives.

"The Security Cooperation enterprise continues to refine how we most effectively and efficiently utilise our resources to address our partners’ needs."

"This includes both synchronising our priorities, activities, and resources, as well as enabling more responsive industry participation in the FMS process to ensure we remain the provider of choice for our foreign partners."

According to DSCA, the US share of total global arms transfer agreements has increased over the last decade as the demand for US defence products and services remains strong.

Rixey added: "The FY15 sales total underscores the progress we are making towards these efforts, the quality of product, and our goal of remaining the provider of choice for our foreign partners."

The FMS programme of the US carries out sales of arms, defence equipment, defence services, and military training to partners.

Recently, the US State Department approved a possible FMS worth approximately $11.2bn to the Kingdom of Saudi Arabia for multi-mission surface combatant (MMSC) ships, associated equipment, parts and logistical support.

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