US Foreign Military Sales in Pacific Region Up 5% for FY 2012

map_asiaForeign military sales agreements between the U.S. government and countries in the U.S. Pacific Command’s area of responsibility rose 5.4 percent in fiscal year 2012, representing nearly $13.7 billion in delivery orders, Reuters reports.

Jim Wolf writes demand in the region for U.S. planes, missile defense and other arms could increase as the U.S. increases its focus on the Asia-Pacific region.

Neighbors of China and North Korea are increasingly worried over China’s involvement in maritime territorial disputes and North Korea’s increase of activity in missile and other defense programs, Wolf writes.

Wolf writes Boeing, Lockheed Martin, Northrop Grumman and Raytheon expect sales of their products and services in Asia to help them counter reduced defense spending in the U.S.

The Defense Security Cooperation Agency, which handles the U.S. foreign military sales program, announced a proposed $10 billion agreement with Japan in May for the country to buy Lockheed’s F-35 fighter jet (click over to GovCon Wire for more on that proposal).

Wolf writes Lockheed is also offering South Korea the F-35, competing against Boeing’s F-15 Silent Eagle and the Eurofighter Typhoon.

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