U.S. arms exports up 49% in fiscal 2022 & More Trending News

 

WASHINGTON, Jan 25 (Reuters) – Sales of U.S. army tools to international governments rose 49% to $205.6 billion in the most recent fiscal 12 months, the U.S. State Department mentioned on Wednesday.

Sales accepted in the 12 months included $13.9 billion price of F-15ID fighter jets to Indonesia, $6.9 billion price of Multi-Mission Surface Combatant ships to Greece, and $6 billion price of M1A2 Abrams tanks to Poland.

General Dynamics Corp (GD.N) makes the Abrams tank, Boeing (BA.N) makes the F-15 jet and Lockheed Martin Corp (LMT.N) makes the ships.

There are two main methods international governments buy arms from U.S. corporations: direct business gross sales negotiated between a authorities and an organization, and international army gross sales in which a international authorities usually contacts a Defense Department official on the U.S. embassy in its capital. Both require U.S. authorities approval.

The direct army gross sales by U.S. corporations rose 48.6% to $153.7 billion in fiscal 2022 from $103 billion in fiscal 2021, whereas gross sales organized via the U.S. authorities rose 49.1% to $51.9 billion in 2022 from $34.8 billion the prior 12 months, the State Department mentioned.

Sales of U.S. army tools in the prior fiscal 12 months totaled $138 billion.

Reporting by Mike Stone in Washington; enhancing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

U.S. arms exports up 49% in fiscal 2022

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U.S. arms exports up 49% in fiscal 2022

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U.S. arms exports up 49% in fiscal 2022

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