Foreign Military Sales Sink To Three-Year Low In 2020
The U.S. Foreign Military Sales (FMS) program sank to a three-year low amid the COVID-19 pandemic in 2020, posting $50.8 billion in completed sales over the 12-month period. Overall FMS transactions in 2020 declined by 8% compared to the previous year’s mark of $55.4 billion, and by 8.77% from a...
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