Title : U.S. Defense Firms Sold $192.3 Billions In Weapons In The Past Year
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U.S. Defense Firms Sold $192.3 Billions In Weapons In The Past Year
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Defense News: The US brought in $192.3 billion from weapon sales last year, up 13 percent
WASHINGTON — Combined weapon sales from American companies for fiscal 2018 were up 13 percent over fiscal 2017 figures, netting American firms $192.3 billion, according to new numbers released Thursday by the State Department.
The department previously announced that FY18 brought in $55.66 billion in foreign military sales, an uptick of 33 percent over FY17’s $41.93 billion. Through the Foreign Military Sales process, the U.S. government serves as a go-between for foreign partners and American industry.
What had not been released until now is the total direct commercial sales, the process through which foreign customers can directly buy systems from industry. Those figures topped $136.6 billion for FY18, a 6.6 percent increase from FY17’s $128.1 billion.
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WNU Editor: Jaw dropping. And the trajectory is for even more sales.
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