Deliveries of arms through the Defense Department’s Foreign Military Sales (FMS) Program decreased by nearly a billion dollars in fiscal year 2008, according to the most recent edition of the Annual Military Assistance Report. The report, which is often referred to as the “Section 655 Report” after the section in the Foreign Assistance Act that requires it, is compiled each year by the Defense Department and the State Department. The Defense Department’s contribution to the report was acquired by the Federation of American Scientists under the Freedom of Information Act.
According to this year’s report, FMS deliveries in FY08 totaled $10,996,180,000 – nearly $1 billion less than the $11,910,160,000 delivered in FY2007. This is surprising given the significant increase in FMS agreements in recent years. FMS agreements jumped from $9.5 billion in FY2005 to more than $18 billion in FY2006, and nearly doubled again to $36 billion in FY2008. One possible explanation for the apparent lag is that deliveries, and particularly deliveries of big-ticket items, can take years. If this is the case, FMS delivery totals are likely to rise sharply over the next few years.
Adam Willner contributed to this report.
Click here to read the full article