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In 2022, the United States provided Jordan with $425 million in State Department Foreign Military Financing funds as part of its bilateral aid program. [27] Egypt receives $1.3 billion in annual FMF, accounting for 80 percent of its military procurement budget.
FMS is a U.S. government to foreign government agreement, and DSCA acts as agent for procurement mostly for American defense company and aerospace companies or for DoD stocks. On any given day, DSCA is managing “14,000 open foreign military sales cases with 185 countries,” the DSCA director Lt. Gen. Charles Hooper explained at the Brookings ...
The provision of DSCA is codified in Department of Defense Directive 3025.18. [1] This directive defines DSCA as: Support provided by U.S. Federal military forces, DoD civilians, DoD contract personnel, DoD Component assets, and National Guard forces (when the Secretary of Defense, in coordination with the Governors of the affected States, elects and requests to use those forces in title 10, U ...
The U.S. government will reduce its administrative surcharge on foreign arms sales to 3.2 percent from 3.5 percent from June as part of a broader effort to make U.S. weapons more competitive ...
The goals of FMF are: [7] [8] [9] Promoting national security by contributing to regional and global stability Strengthening military support for democratically elected governments and containing transnational threats, including terrorism and trafficking in narcotics, weapons, and persons
The DSCA describes FMS as "a fundamental tool of U.S. foreign policy." [5] FMS was the primary channel for U.S. arms exports until the 1980s, when the limits on the size of permitted Direct Commercial Sales (DCS) was lifted. [6] DCS was seen by buyers to be faster, more cost-effective and less-transparent than FMS. By 1989, DCS surpassed FMS in ...
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could ...
(The Center Square) – At the eleventh hour, Gov. Josh Shapiro said he found extra money for the state’s largest mass transit system in Philadelphia and its suburbs. The governor said Friday ...