Jan 24, 2025 – U.S. military equipment sales to foreign governments in 2024 surged 29% to a record $318.7 billion, the State Department said on Friday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.
The figures from the Biden administration’s final year underpin expectations of stronger sales for U.S. weapons makers like Lockheed Martin, General Dynamics, and Northrop Grumman, whose shares are forecast to climb amid rising global instability.
Defense contractors are straining to meet the surge of demand that has mushroomed as a result of Russia’s invasion of Ukraine. Global ministries of defense have been lining up to submit orders to boost their inventories, while the U.S. is seeking to replenish stockpiles of weaponry and munitions sent to Kyiv. [Reuters]
In 2024 Europe accounted for 55% of total US LNG exports, 34% of total US exports went to Asia while the next 11% went mainly to Latin America. [Euroactive]
Overall, the US has most likely earned 10 times the amount it has sent in aid to Ukraine back on arms, oil, LNG, and sales of other goods due to Putin’s genocidal full-scale invasion of Ukraine.
