Tag: U.S. Department of State

U.S. Defence Exports Hit All-Time Record $318.7 Billion in FY2024 and Rising

Kainat R
A U.S. fighter jet on a runway with flags of allied nations in the background, representing US defence exports by country and global arms trade partnerships.

The United States has solidified its position as the world’s undisputed number one arms dealer, with defence exports reaching a historic peak. In fiscal year 2024, U.S. military equipment sales to foreign governments surged to a record $318.7 billion  a 29% increase from the previous year, according to the U.S. Department of State.This milestone reflects surging global demand for American weapons, driven by geopolitical tensions, ongoing conflicts, and allied nations seeking to rapidly bolster their military capabilities. Background: America’s Dominance in Global Arms Trade The United States has dominated global…

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