The State Department on Friday said that it has approved two foreign military sales (FMS) of missiles worth a combined $808 million to Sweden—for the AIM-120C-8 Advanced Medium-Range Air-to-Air Missile (AMRAAM)—and to France—for AGM-114R2 Hellfire air to ground systems.
The proposed AMRAAM sale is worth $605 million and the Hellfire deal $203 million. RTX [RTX] is the contractor for the AMRAAM and Lockheed Martin [LMT] for Hellfire.
Through June, the Defense Security Cooperation Agency has announced $78 billion in FMS cases, TD Securities’ TD Cowen Washington Research Group said in a note to clients last week. In June alone, $30.1 billion in potential FMS were announced, the largest order being a $15 billion deal for integrated air and missile defense battle command system for Poland, TD Cowen said.
In 2022, the U.S. announced $74.8 billion in FMS cases.
Sweden has proposed buying up to 250 AMRAAMs, up to six AMRAAM C-8 guidance sections, and spar control sections and containers, test set telemetry kits, encryption devices, muntions support, classified software delivery and support, spare parts, and more.
For the Hellfires, France has requested up to 1,515 of the missiles, as well as technical assistance and integration support.
TD Cowen also said that next week’s NATO Summit in Europe could lead to new defense spending commitments by Alliance members and to aid Ukraine.