US arms exports hit record in 2024 on Ukraine-related demand
- U.S. Military equipment sales to foreign governments reached a record $318.7 billion in 2024, a 29% increase, as reported by the State Department.
- The surge in sales is driven by demand to replenish stocks sent to Ukraine and prepare for conflicts, according to the State Department.
- Notable sales in 2024 included $23 billion in F-16 jets to Turkey and $18.8 billion in F-15 jets to Israel, as stated by the State Department.
- Direct military sales rose to $200.8 billion in fiscal 2024 from $157.5 billion in fiscal 2023, according to the State Department.
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