U.S. military equipment sales to foreign governments rose 33 percent to $55.6 billion in the fiscal year ended Sept. 30, a U.S. official said on Tuesday.
The report said the increase in U.S. arms sales to foreign countries was partly due to the Trump administration's new "Buy American" program in April, which relaxed restrictions on arms sales and encouraged U.S. officials to play a greater role in increasing U.S. arms sales overseas.
According to reports, there are two main ways for foreign governments to buy weapons from American companies: one is called direct commercial sales, which are negotiated by foreign governments and American companies; the other is called foreign military sales, in which foreign governments contact American ambassadors in the capital of the country. The US Defense Department officials bought the museum. The two ways need approval from the US government, the report said.
Foreign military sales notified to Congress this year were about $70 billion, slightly lower than the previous year, according to a government official. The $55.6 billion figure represents the total amount of foreign military sales agreements signed between the United States and its allies.
The largest U.S. arms contractors include Boeing Co., Lockheed Martin Corp., Raytheon Co., General Dynamics Corp., and Northrop Grumman Corp.
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