Military Weapons Sales Spiked Last Year, Report Says
Military weapons sales between the U.S. and foreign governments rose to almost $51.9 billion in FY 2022, a nearly 50% increase from FY 2021, Defense News said in a Jan. 25 report. The report, which cites State Department data, attributes…
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the sharp increase to European countries buying more weapons to arm themselves in the wake of Russia’s invasion of Ukraine. The report also said FY 2022 direct commercial sales -- from industry contractors to governments -- rose to $153.7 billion, from $103.4 billion the previous fiscal year.