"The Defense Security Cooperation Agency announces arms sales of $55.4 billion for Fiscal Year 2019," the release said. "This total increases the three-year rolling average to $51 billion, demonstrating continued strength in the sales of US defence articles and services to allies and foreign partners."
In 2018, DSCA announced plans to lower the Contract Administration Surcharge on major arms sales from 1.2 percent to 1 percent, to reduce costs of foreign military sales, the release noted.
In addition, DSCA is developing new financing options for big-ticket purchases, to be announced in 2020, the release added.
