American arms sales jumped 25% in 2017, says US defense department
Sales included $32.02 billion funded by partner nations through the Foreign Military Sales system
PHOTO: ONLINE
WASHINGTON DC:
The US Defense Security Cooperation Agency, which implements foreign arms sales, on Wednesday announced sales of $41.93 billion for fiscal 2017, a 25 percent rise from a year earlier.
The agency, which is part of the US Department of Defense, said sales included $32.02 billion funded by partner nations through the Foreign Military Sales system and $6.04 billion funded by the State Department's Foreign Military Financing.
China 'outraged' by $1.42b planned US arms sales to Taiwan
Earlier, a military think tank report in Europe had said that China has almost doubled its weapons exports in the past five years as the world’s third-largest weapons exporter pours capital into developing an advanced arms manufacturing industry.
Chinese exports of major arms, which excludes most light weaponry, grew by 88 per cent in 2011-2015 compared to the earlier five-year time frame, the report said.
The country still accounted for only 5.9 percent of global arms exports from 2011-2015, well behind the United States and Russia, by far the world’s two largest arms exporters.
The US Defense Security Cooperation Agency, which implements foreign arms sales, on Wednesday announced sales of $41.93 billion for fiscal 2017, a 25 percent rise from a year earlier.
The agency, which is part of the US Department of Defense, said sales included $32.02 billion funded by partner nations through the Foreign Military Sales system and $6.04 billion funded by the State Department's Foreign Military Financing.
China 'outraged' by $1.42b planned US arms sales to Taiwan
Earlier, a military think tank report in Europe had said that China has almost doubled its weapons exports in the past five years as the world’s third-largest weapons exporter pours capital into developing an advanced arms manufacturing industry.
Chinese exports of major arms, which excludes most light weaponry, grew by 88 per cent in 2011-2015 compared to the earlier five-year time frame, the report said.
The country still accounted for only 5.9 percent of global arms exports from 2011-2015, well behind the United States and Russia, by far the world’s two largest arms exporters.