Pentagon Restarts $100 Million Fund to Speed Arms Exports
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The U.S. Defense Department has restarted a fund designed to speed exports of military gear to allies, with $100 million for initiatives such as stockpiling equipment for resale to partners.
The Defense Security Cooperation Agency, which oversees foreign military sales, won congressional approval in this year’s budget to revive the Special Defense Acquisition Fund to “provide speed and flexibility to the Foreign Military Sales” program, agency spokesman Charles Taylor said in an e-mail in response to questions.