Home Business U.S. military equipment exports reached 175 billion US dollars in fiscal year 2020.
U.S. military equipment exports reached 175 billion US dollars in fiscal year 2020.

U.S. military equipment exports reached 175 billion US dollars in fiscal year 2020.

by YCPress

U.S. officials disclosed on the 4th that the total U.S. military equipment exports in fiscal year 2020 were $175 billion, an increase of 2.8% year-on-year.

According to data released by the U.S. State Department, the export volume of U.S. fighter jets and guided missiles increased significantly during the year, and two major military companies, Lockheed Martin and Raytheon Company, received large orders.

For example, Japan purchased 63 F-35 fighters from Lockheed Martin, with a total order of $23 billion.

According to a report by the Stockholm International Peace Research Institute in Sweden in March this year, the United States has accounted for more than one-third of global arms exports in the past five years, and it has been firmly in the world’s top arms seller.

According to the report, half of U.S. arms exports go to the Middle East.