Rapid Fire May 24, 2012: US DoD Foreign Transactions
May 24, 2012 09:55 EDT
The US DoD published two FY11 reports on purchases from foreign entities and to foreign countries [PDFs]. DoD procurement actions from foreign entities amounted to $24B or 6.4% of the total. 67% of that comes from fuel, services, construction, or food. 18% or about $4.3B were spent on imported equipment.
Meanwhile US Foreign Military Sales (FMS) of $2M+ amounted to a total of $14.2B: $10.5B through the Army, $2.6B via the Air Force, $1B handled by the Navy and $102M via the Defense Logistics Agency (DLA). One may conclude that the US exported $10B more in military equipment than it imported, but that would be a hasty conclusion. Substantial FMS transactions to countries like Afghanistan, Egypt or Israel are subsidized with American military aid funds.
Government Contract Costs, Pricing & Accounting Report has a scathing article [PDF] on the Defense Contract Audit Agency (DCAA)...










