US arms exports hit record high in 2024, Reuters reports
www.pravda.com.ua
Fri, 24 Jan 2025 22:29:03 +0200
Sales of US military equipment to foreign countries in fiscal year 2024 which ended on 31 September reached a record US318.7 billion amid Russias fullscale invasion of Ukraine.
Source data from the US Department of State European Pravda citing Reuters Details Direct foreign arms sales by US companies increased to US200.8 billion in fiscal year 2024 from US157.5 billion in 2023, and sales organised through the US government increased to US117.9 billion from US80.9 billion.
Overall, US arms sales abroad increased by 29 over the year.
Among the arms sales approved in 2024, the State Department mentions F16 fighter jets and their modernisation for Turkey worth US23 billion, F15 fighter jets for Israel worth US18.8 billion, and M1A2 Abrams tanks for Romania worth US2.5 billion.
Arms sales and transfers are seen as important US foreign policy tools with potential longterm implications for regional and global security, the State Department said.
Reuters notes that US defence contractors are struggling to meet the surge in demand that has increased dramatically as a result of Russias fullscale invasion of Ukraine.
Background The Pentagon said that the freeze on foreign financial aid imposed by Donald Trumps executive order does not affect the previously announced arms deliveries to Ukraine.
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