Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 2 - Defense Acquisition Regulations System, Department of Defense |
SubChapter E - General Contracting Requirements |
Part 232 - Contract Financing |
Subpart 232.5 - Progress Payments Based on Costs |
§ 232.502-1-70 - Customary foreign military sale progress payments.
Latest version.
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(a) Foreign military sale (FMS) progress payments apply to DoD acquisitions on behalf of foreign governments or international organizations (Section 22 of the Arms Export Control Act).
(b) FMS progress payments do not apply to acquisitions—
(1) For replenishing U.S. Government inventories or stocks; and
(2) Made under DoD cooperative logistic support arrangements.