Learn more

The value of U.S. military equipment sold to foreign governments reached a record high in the 2023 fiscal year, according to the State Department. Total military equipment transfers amounted to $238.4 billion in 2023, including equipment purchased by the U.S. government on behalf of other countries and goods sold directly to foreign governments by American defense companies, according to the State Department. The 2023 fiscal year’s figures represent a 16% increase in overall arms sales from 2022, with the increase particularly pronounced among sales facilitated by the United States government….

cuu