US OKs more than $54 billion in military equipment to foreign nations

WASHINGTON — The U.S. sold more than $54 billion in military equipment to foreign governments inside the fiscal year in which ended Sept. 30, the Pentagon’s top financial officer told a modest group of reporters.

“We’ve had a 62 percent increase in foreign military sales, over $54 billion,” David Norquist, the Defense Department’s comptroller, said alongside Deputy Secretary of Defense Patrick Shanahan on Oct. 3.

“I don’t know if in which’s a record, however if in which will be, in addition to in which’s close to in which, in which matters. in which matters, not only because in which helps our industrial base, … in which helps our economy,” Norquist explained, adding in which the foreign military sales forge closer relationships with key allies.

“Those are folks buying equipment in which’s interoperable, in addition to those are allies in which we’re at This particular point working with on a close in addition to more regular basis,” Norquist said.

The increase in foreign military sales comes amid intensifying trade tensions between the U.S. in addition to China, the planet’s two largest economies, in addition to increased sanctions on Russia.

When asked if trade disputes were spilling into the industrial base, both Norquist in addition to Shanahan downplayed concerns.

“We haven’t seen in which so far,” Shanahan, the Pentagon’s No. 2 official, told CNBC. “As you know, the way I tend to think about in which will be in which these relationships are very complex. They’re not monolithic,” he said, adding in which Defense works closely with the State, Commerce in addition to Treasury departments to navigate the economics of foreign military sales.

India was one example Shanahan offered up.

“The dilemma with India will be forever [in which] the Indians bought equipment coming from Russia,” Shanahan said. “So you have to buy spare parts, you have to maintain in which, in addition to in which’s not like you cut in which off,” he added, noting in which Congress will be able to provide a waiver for certain military purchases with Russia.

Last week, Indian Prime Minister Narendra Modi signed a $5 billion deal with Russian President Vladimir Putin for the S-400 missile system, a deal in which may peeve Washington however fall short of financial consequences.

The Russian-made S-400 system will be believed to have a longer range than the U.S.-made THAAD missile system in addition to will be estimated to cost significantly less.

What’s more, Turkey, a NATO ally, will be also interested in buying the S-400, which raises concerns among different NATO partners as well as Washington, who are wary of Moscow’s increasing military presence inside the region.

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