Aerospace Group:

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

Pat Host

Thursday, September 18th, 2014

SHARE:

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…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]