Congress Asked to Approve $600 Million Arms Sale to Libya

Six thousand to 8,000 Libyan troops to be trained and armed to set up a "General Purpose Force."

Jan 23, 2014 at 8:16PM

The U.S. Defense Security Cooperation Agency notified Congress Wednesday of plans to sell the Government of Libya a package of "General Purpose Force Training" services worth $600 million.

Six thousand to 8,000 Libyan troops will be trained during a term of up to eight years as part of this package. In addition to the training services per se, the U.S. will supply Libya with 637 M4A4 carbines and ammunition for same, plus uniforms, other equipment, parts, and logistical support necessary for the training.

DSCA argues that this training is necessary to provide Libyan troops with the "basic, collective and advanced training" they need to establish "a professional and disciplined" military capable of "protecting Libya's institutions, facilities, and personnel, as well as keeping peace and security within Libya."

DSCA assured Congress that "there will be no adverse impact on U.S. defense readiness as a result of this proposed sale." Nor will the continued training "alter the basic military balance in the region."

The principal contractors who will provide the services on behalf of the U.S. government "are unknown at this time but will be determined during the competitive bid process."

Fool contributor Rich Smith does not own shares of any company mentioned in this article. (Of course, until DSCA clarifies who will be running this contract, no companies have yet been mentioned). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

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Everything else is details. 

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