FY24 Defense Trade Results

Posted 1/24/25

The State Department released an update on the prior year's arms trade, with Foreign Military Sales at their highest levels in history and Direct Commercial Sales up smartly from the prior period.

In FY2024 the total value of transferred defense articles and services and security cooperation activities conducted under the Foreign Military Sales system was $117.9 billion.  This represents a 45.7% increase, up from $80.9 billion in FY2023. 

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