FOREIGN MILITARY SALES: Redirection of Accounting Improvement Efforts Is Appropriate

Abstract

The Arms Export Control Act of 1976, as amended, gives DOD authority to sell defense articles and services to foreign countries, generally at no profit or loss to our government. Since the 195Os, foreign countries have signed agreements initiating thousands of FNS cases valued at over S 180 billion. As of September 30. 1987, about 16.600 cases with an estimated value of $142 billion were open. Approximately $54 billion of this amount consisted of undelivered orders.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1988
Accession Number
AD1178461

Entities

People

  • Frederick Wolf

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Agreements
  • Air Force
  • Business Administration
  • Commerce
  • Computer Programs
  • Errors
  • Export Controls
  • Financial Management
  • Foreign Military Sales
  • Governments
  • House Of Representatives
  • International Security
  • Law
  • Lessons Learned
  • Money
  • Reliability
  • Security
  • United States

Fields of Study

  • Political science

Readers

  • Defense Financial Management and Audit.
  • Government Contracting/Procurement.
  • International Relations and European Studies