Wednesday 14 November 2018
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business-standard - 5 days ago

US arms transfers rise 13% in 2018

Over the last fiscal year, authorised arms exports rose by a total of 13 per cent to USD 192.3 billion, adding thousands of jobs to the United States economy and sustaining many thousands more, the US State Department said.These increases in both government-to-government and commercial sales of defense equipment by the US companies have coincided with efforts by the State Department s Bureau of Political-Military Affairs and its interagency partners to comprehensively reform and modernise the arms transfer process. Central to these efforts is the President s new Conventional Arms Transfer (CAT) Policy, released in April this year, which aligned US policy on conventional arms transfers with our national and economic security interests. As an element of the CAT Policy, the President directed that the Secretary of State submit a CAT Policy Implementation Plan and make updates to the Unmanned Aerial Systems (UAS) Export Policy. Building on this guidance, the US Government, led by the ...

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