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Declining Global Military Budgets Diminish DSCA’s Foreign Military Sales Forecast

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Declining Global Military Budgets Diminish DSCA’s Foreign Military Sales Forecast
Navy P-8A Poseidon maritime surveillance aircraft. (Photo. U.S. Navy)

The Defense Security Cooperation Agency (DSCA) is projecting that total sales beyond fiscal year 2013 could be as much as $30 billion or as little as $5 billion due to declining global military budgets and competition for products and services. DSCA Director Navy Vice Adm. Joseph Rixey presented a briefing slide Thursday showing total sales, which include Foreign Military Sales (FMS) and United States capacity building programs like the Section 1206 train and equip program, totaled between roughly $30 billion…

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