{"id":1509,"date":"2025-01-25T00:27:00","date_gmt":"2025-01-25T00:27:00","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/us-arms-exports-reach-record-318-billion-in-2024-driven-by-ukraine-related-demand\/"},"modified":"2025-01-25T00:27:00","modified_gmt":"2025-01-25T00:27:00","slug":"us-arms-exports-reach-record-318-billion-in-2024-driven-by-ukraine-related-demand","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/us-arms-exports-reach-record-318-billion-in-2024-driven-by-ukraine-related-demand\/","title":{"rendered":"US arms exports reach record $318 billion in 2024 driven by Ukraine-related demand"},"content":{"rendered":"
\"US<\/p>\n

U.S. military equipment sales to foreign governments jumped 29% in 2024, reaching a record $318.7 billion, according to the State Department. Countries ramped up purchases to restock supplies sent to Ukraine and prepare for potential large-scale conflicts.<\/p>\n

The Biden administration’s final-year figures reinforce expectations of strong performance for U.S. defense manufacturers like Lockheed Martin, General Dynamics, and Northrop Grumman. Analysts predict their shares will rise in response to increasing global instability, according to Reuters<\/a>. <\/p>\n

During his campaign, now President Donald Trump called on U.S. allies to invest more in their defenses. He proposed raising NATO\u2019s defense spending target to 5% of GDP, a significant increase from the current 2% goal\u2014a level no NATO member, including the U.S., currently meets.<\/p>\n

The demand for weaponry has surged due to Russia\u2019s full-scale invasion of Ukraine, putting pressure on defense contractors to keep up. Governments worldwide are submitting orders to bolster their military stocks, while the U.S. works to replenish its own supplies sent to Kyiv.<\/p>\n

The State Department described arms sales and transfers as “important U.S. foreign policy tools with potential long-term implications for regional and global security.”<\/p>\n

Notable 2024 deals included $23 billion in F-16 jets and upgrades for Turkey, $18.8 billion in F-15 fighter jets for Israel, and $2.5 billion in M1A2 Abrams tanks for Romania.<\/p>\n

Many of these orders contribute to the growing backlog for U.S. defense companies. Future quarters are expected to benefit from orders for hundreds of thousands of artillery rounds, Patriot missile interceptors, and armored vehicles.<\/p>\n

Foreign governments procure U.S. arms through two primary channels: direct commercial sales negotiated with defense companies or foreign military sales coordinated via the U.S. government, often through Defense Department officials at embassies. Both methods require government approval.<\/p>\n

Direct commercial sales reached $200.8 billion in fiscal 2024, up from $157.5 billion in 2023. Meanwhile, government-facilitated foreign military sales rose to $117.9 billion, compared to $80.9 billion the previous year.<\/p>\n

<\/p>\n
\n
Trump accuses Russia of stealing plans for U.S. hypersonic missile<\/div>\n
President Donald Trump previously raised the accusation in 2023, saying Russia had stolen plans for what he described as \u201csuper-duper missiles.\u201d<\/div>\n
\"USThe Kyiv Independent<\/span>The Kyiv Independent news desk<\/span><\/div>\n<\/div>\n
\"US<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. military equipment sales to foreign governments jumped 29% in 2024, reaching a record $318.7 billion, according to the State Department. Countries ramped up purchases to restock supplies sent to Ukraine and prepare for potential large-scale conflicts. The Biden administration’s final-year figures reinforce expectations of strong performance for U.S. defense manufacturers like Lockheed Martin, General […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":1510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[2460,2161,1707,1549,108,1531,2461,2459,35,881,1242,2462,1304],"class_list":["post-1509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-2460","tag-2161","tag-arms","tag-billion","tag-by","tag-demand","tag-driven","tag-exports","tag-in","tag-reach","tag-record","tag-ukraine-related","tag-us"],"yoast_head":"\nUS arms exports reach record $318 billion in 2024 driven by Ukraine-related demand - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/us-arms-exports-reach-record-318-billion-in-2024-driven-by-ukraine-related-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US arms exports reach record $318 billion in 2024 driven by Ukraine-related demand - News\" \/>\n<meta property=\"og:description\" content=\"U.S. military equipment sales to foreign governments jumped 29% in 2024, reaching a record $318.7 billion, according to the State Department. 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