State Department: 3-Year Rolling Average of Authorized Foreign Military Sales Hit $47B in FY 2021

1 min read

The State Department has announced that the three-year rolling average of foreign military sales (FMS) of defense weapons implemented between fiscal years 2019 and 2021 by the Defense Security Cooperation (DCS) Agency was $47 billion. 

The department said Wednesday the total value of implemented FMS cases dropped from $50.78 billion in FY 2020 to $34.81 billion in FY 2021. From FY 2019 through FY 2021, direct commercial sales of weapons systems had a three-year rolling average of $114.1 billion.

The total value of approved DCS cases in FY 2021, including the value of services, technical data and hardware, was $103.4 billion, compared with $124.3B during the previous fiscal year.

Data also shows that the rolling average over three years for the combined DCS and FMS cases in FY 2021 was $161.1 billion, down from $179.1B in FY 2020.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Industry News

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it