The Defense Security Assistance Agency has announced final Foreign Military
Sales figures of $12.866 billion for fiscal year 1994. Sales for fiscal year
1994 were more than $20 billion less than the $33.216 billion recorded in
fiscal year 1993. Sales in fiscal year 1993 were unusually high and reflected
sales to Middle East countries in the aftermath of Operation Desert Storm.
Four major aircraft system sales made up more than one third of the fiscal year
1994 agreements. These were the sale of 40 F-16 aircraft to Turkey ($1.801
billion), the sale of 21 F-15I aircraft to Israel ($1.760 billion), the sale
of eight F/A-18D aircraft to Malaysia ($619.1 million) and the sale of 11
F-16C/D aircraft to Singapore ($436 million).
DSAA officials expect the downward trend in FMS agreements to continue in the
near term. They are estimating that sales will average between $9 to $10.5
billion per year through fiscal year 1997.
All FMS sales are made on a case-by-case basis to the United States' allies and
friends and must be consistent with foreign policy objectives and contribute to
the national security of the United States.
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