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    HomeWorldUS arms exports hit file excessive in 2024, Reuters studies

    US arms exports hit file excessive in 2024, Reuters studies

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    Gross sales of US army tools to international international locations in fiscal yr 2024 (which ended on 31 September) reached a file US$318.7 billion amid Russia's full-scale invasion of Ukraine.

    Supply: information from the US Division of State; European Pravda citing Reuters

    Particulars: Direct international arms gross sales by US firms elevated to US$200.8 billion in fiscal yr 2024 from US$157.5 billion in 2023, and gross sales organised via the US authorities elevated to US$117.9 billion from US$80.9 billion.

    Total, US arms gross sales overseas elevated by 29% over the yr.

    Among the many arms gross sales authorised in 2024, the State Division mentions F-16 fighter jets and their modernisation for Turkey price US$23 billion, F-15 fighter jets for Israel price US$18.8 billion, and M1A2 Abrams tanks for Romania price US$2.5 billion.

    Arms gross sales and transfers are seen as "vital US international coverage instruments with potential long-term implications for regional and world safety," the State Division stated.

    Reuters notes that US defence contractors are struggling to fulfill the surge in demand that has elevated dramatically on account of Russia's full-scale invasion of Ukraine.

    Background: The Pentagon stated that the freeze on international monetary help imposed by Donald Trump's govt order doesn’t have an effect on the beforehand introduced arms deliveries to Ukraine.

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