State Dept. Reports Record FY24 Numbers for Sales Under FMS, DCS
The U.S. in FY 2024 saw record numbers for both its Foreign Military Sales (FMS) program and authorizations of direct commercial sales (DCS), the State Department said in a fact sheet last week. The agency said it recorded the highest ever annual amount of FMS sales at $117.9 billion, a 45.7% increase from FY 2023, and $200.8 billion in DCS authorizations, a 27.5% increase from the previous fiscal year.
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The fact sheet also included a breakdown of various FMS and DCS exports notified to Congress last year and data on export licenses for DCS. The agency said it adjudicated 24,691 DCS licenses in FY 2024, a 5.2% increase from the previous fiscal year.