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FY 2012 Foreign Military Sales Hit $50B; Boeing, Lockheed Beneficiaries

FY 2012 Foreign Military Sales Hit $50B; Boeing, Lockheed Beneficiaries - top government contractors - best government contracting event
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FY 2012 Foreign Military Sales Hit $50B; Boeing, Lockheed Beneficiaries - top government contractors - best government contracting eventThe U.S. has recorded $50 billion foreign military sales for fiscal year 2012 so far with the third quarter not over yet, Defense News reports.

Andrew Shapiro, assistant secretary of state for political and military affairs, attributes that number to a $29.4 billion sale of Boeing-made F-15 jets to Saudi Arabia, according to Kate Brannen’s story.

That sale, which was finalized at the end of December, includes 84 new planes and modernization of 70 existing planes, missiles, training, spare parts, logistics and maintenance.

According to Brannen, government-to-government foreign military sales totaled $30 billion last year.

Shapiro also credited the current all-time high to a sale of Lockheed Martin-made F-35 jets to Japan, adding that it is too early to forecast numbers of 2013 sales.

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Written by Ross Wilkers

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