Daily Management Review

U.S. doubles foreign arms sales in 2023


Politico reported, using data from the U.S. State Department, that U.S. defense companies will ship $81 billion worth of weapons overseas in 2023, up more than 50% from the previous year.

The U.S. National Archives via Picryl.com
The U.S. National Archives via Picryl.com
"Sales through government brokers in the United States reached $81 billion, up 56% from $52 billion in the fiscal year 2022. According to the article, the amount for FY 2023 is the largest since 2020, when former President Donald Trump openly claimed to be the country's top seller of military hardware.

The leading role was played by large deals pertaining to the provision of weaponry to Ukraine.

According to the State Department, the major transactions involved the sale of long-range missile systems to Germany and Poland, valued at around $30 billion, as well as attack and transport helicopters.

This is because NATO wants to "stockpile the most advanced weapons in the context of the alliance's confrontation with Moscow," reads the newspaper.

source: politico.com