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]
Also, nearly 70 percent of US money for Ukraine went to the US defense industry to replenish the stocks of OLD stuff that went to Ukraine to use. Much of which the US would have paid to destroy as their lifespan expired. The title image shows Statistics of what Ukraine actually received from the US. It is not even close to the numbers Trums is throwing around, as one can see.
The US benefitted greatly because of the sanctions on Russia because it had an opportunity to sell Oil and Natural Gas at a higher prices and in greater volumes:
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.
Do the US have any obligations before Ukraine? >
