(Click on Image to Enlarge)
A map showing the fiscal year 2017 total DSCA weapon sales announcements, by region. (Dollar figures are rounded and do not represent guaranteed sales. Data by Aaron Mehta/staff, image by Devan Feeney/staff)
Defense News: US clears record total for arms sales in FY17
WASHINGTON — The U.S. State Department has set a new one-year record for clearing weapon sales, with $75.9 billion cleared by the department and announced by the Defense Security Cooperation Agency in fiscal 2017.
That total covers all announced cleared weapons packages from Oct. 1, 2016, through Sept. 12, 2017, leaving two more weeks for that number to increase before the end of the fiscal year.
The previous record for the Defense Security Cooperation Agency, or DSCA, sales announcements was $68.6 billion, set in fiscal 2012 following the approval of a series of massive weapons packages for Saudi Arabia. In comparison, in fiscal 2016, DSCA cleared $33.6 billion in potential weapon sales.
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WNU Editor: This increase in arms sales are driven by the Middle East. For fiscal 2017, arms sales are going to be driven by Asia. I expect massive purchases from both South Korea and Japan .... followed by all the other smaller countries. Case in point .... Australia Investing Billions to Modernize its Army (National Defense).
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