October 9, 2018 / 6:57 PM / 2 months ago

U.S. foreign military sales total $55.6 bln, up 33 pct - U.S. official

WASHINGTON, Oct 9 (Reuters) - Sales of U.S. military equipment to foreign governments rose 33 percent this year, to $55.6 billion, a U.S. administration official told Reuters on Tuesday.

The increase in sales came in part because the Trump administration rolled out a new “Buy American” plan in April that loosened regulations around sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry. (Reporting by Mike Stone Editing by Chizu Nomiyama)

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