Washington DC (SPX) Jul 21, 2009
According to the latest Annual Military Assistance Report, deliveries of arms, military equipment and defense services through the Defense Department's Foreign Military Sales (FMS) Program totaled $10,996,180,000 in fiscal year 2008 - nearly $1 billion less than the previous fiscal year.
The top five importers were, from largest to smallest in U.S. dollars, Israel, Saudi Arabia, South Korea, Egypt and Poland.
The countries experiencing the largest increases in deliveries were South Korea, Canada, Iraq, Turkey and Pakistan. The increases in exports to Iraq and Pakistan are particularly noteworthy given that U.S. arms exports to both countries were banned until just a few years ago.
The Defense Department's contribution to this annual report are released to the public each year in response to annual Freedom of Information Act requests filed by the Federation of American Scientists.
The Foreign Military Sales Program is one of several avenues through which US arms are exported. Arms are also exported as Direct Commercial Sales licensed by the State Department, and through several smaller programs.
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Boeing Statement On FCS Staffing Reductions
St. Louis MO (SPX) Jul 20, 2009
Boeing has issued the following statement regarding work force reductions on the Future Combat Systems (FCS) program: "Due to the decision by the Pentagon directing the U.S. Army to restructure the FCS program, as well as related funding reductions anticipated in fiscal year 2010, Boeing and its partner SAIC will be reducing their combined work force by approximately 30 percent. ... read more
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