To keep weapon sales in place, US offers new options for payment

Defense News: The United States is developing new options for arms customers as a way to ensure allies and partners don’t drop planned procurements as the world economy remains in shock from the impacts of COVID 19.

Among the options, according to outgoing Defense Security Cooperation Agency head Lt. Gen. Charles Hooper, are allowing foreign countries to finance arms procurement through U.S. bank loans and altering existing payment schedules to stretch the costs over time.

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