US arms exports up 49 pct in fiscal 2022

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Sales of US military equipment to foreign governments rose 49 percent to $205.6 billion in the latest fiscal year, the US State Department said on Wednesday.

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

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General Dynamics Corp makes the Abrams tank, Boeing makes the F-15 jet and Lockheed Martin Corp makes the ships.

There are two major ways foreign governments purchase arms from US companies: direct commercial sales negotiated between a government and a company, and foreign military sales in which a foreign government typically contacts a Defense Department official at the US embassy in its capital. Both require US government approval.

The direct military sales by US companies rose 48.6 percent to $153.7 billion in fiscal 2022 from $103 billion in fiscal 2021, while sales arranged through the US government rose 49.1 percent to $51.9 billion in 2022 from $34.8 billion the prior year, the State Department said.

Sales of US military equipment in the prior fiscal year totaled $138 billion.

Read more: US reverses course, will send 31 M1 Abrams tanks to Ukraine

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