This document summarizes a presentation about International Traffic in Arms Regulations (ITAR), Foreign Military Sales (FMS), and Direct Commercial Sales (DCS) for government contractors. It notes that ITAR regulates the $65 billion US defense industry and companies must register, restrict transfers of regulated software and data, and obtain export licenses. Violations can result in criminal penalties for companies and individuals. The presentation provides an overview of obligations under ITAR, sanctions and enforcement, compliance, operating under ITAR regulations, and compares FMS and DCS processes. Contact information is given for those seeking additional information from the Florida Procurement Technical Assistance Center.