The Foreign Military Sales (FMS) program is a form of security assistance authorized by the Arms Export Control Act (AECA), as amended [22 U.S.C. 2751, et. seq.] and a fundamental tool of U.S. foreign policy.
Under Section 3, of the Arms Export Control Act (AECA), the U.S. may sell defense articles and services to foreign countries and international organizations when the President formally finds that to do so will strengthen the security of the U.S. and promote world peace.
Under Foreign Military Sales (FMS), the U.S. Government and a
foreign government enter into a
government-to-government agreement called a
Letter of Offer and Acceptance (LOA).
Secretary of Defense executes the program.
Funding may be funded by foreign country national funds or U.S. Government funds.
The Middle East states have been the US's biggest customers.
World's arms trade is a thriving global industry, with the total international trade in arms now worth about $100 billion per year.
Pieter Wezeman, senior researcher at the Stockholm International Peace Research Institute (Sipri),says In its latest figures, the major weapons sales in the five years to 2017 were 10% higher than in 2008-12.
And it is the United States that is extending its lead as the globe's number one arms exporter, adds Sipri.
The estimates are the US now accounts for 34% of all global arms sales.
The 25 largest exporters of major arms and their main clients, 2013–17.
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