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WASHINGTON, Jan 25 (Reuters) – Gross sales of U.S. army gear to overseas governments rose 49% to $205.6 billion within the newest fiscal yr, the U.S. State Division stated on Wednesday.
Gross sales permitted within the yr included $13.9 billion price of F-15ID fighter jets to Indonesia, $6.9 billion price of Multi-Mission Floor Combatant ships to Greece, and $6 billion price of M1A2 Abrams tanks to Poland.
Normal Dynamics Corp (GD.N) makes the Abrams tank, Boeing (BA.N) makes the F-15 jet and Lockheed Martin Corp (LMT.N) makes the ships.
There are two main methods overseas governments buy arms from U.S. firms: direct industrial gross sales negotiated between a authorities and an organization, and overseas army gross sales during which a overseas authorities usually contacts a Protection Division official on the U.S. embassy in its capital. Each require U.S. authorities approval.
The direct army gross sales by U.S. firms rose 48.6% to $153.7 billion in fiscal 2022 from $103 billion in fiscal 2021, whereas gross sales organized via the U.S. authorities rose 49.1% to $51.9 billion in 2022 from $34.8 billion the prior yr, the State Division stated.
Gross sales of U.S. army gear within the prior fiscal yr totaled $138 billion.
Reporting by Mike Stone in Washington; enhancing by Jonathan Oatis
Our Requirements: The Thomson Reuters Trust Principles.
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