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Sales of US military equipment to foreign governments grew by 33%

US military equipment

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Sales of US military equipment to foreign governments grew by 33% to 55.6 billion USD in the fiscal year ended September 30. The growth was achieved amid weaker sales restrictions that are beginning to affect arms deals.

Donald Trump’s administration launched in April 2018 its new “Buy American” plan, which relieves restrictions on sales of a number of goods. At the same time, the US officials are encouraged to take on a greater role in promoting the US military equipment abroad. Donald Trump wants to make the US, which is already a leader in international arms trade, an even bigger player despite human rights activists and arms proliferation.

There are two main ways for foreign governments to buy weapons from US companies: a direct sale negotiated between a government and a company, or the sale to foreign army where a foreign government usually contacts the US Department of Defense. Both types of transactions require the approval of the US government.

The amount of 55.6 billion USD represent an agreement to sell military equipment to foreign governments between the United States and allies.

Among the largest contractors for US arms deals are Boeing, Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman.

Also, a number of deals for the sale of anti-missile defense systems were also concluded in the past year.