The U.S. State Department announced that sales of U.S. military equipment to foreign governments soared to a record USD 238 billion in 2023. This 16% increase is largely attributed to countries replenishing their stocks sent to Ukraine and preparing for potential major conflicts.

U.S. defence exports hit record high in fiscal year 2023

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The U.S. State Department announced that sales of U.S. military equipment to foreign governments soared to a record USD 238 billion in 2023.