The United States is the world's largest arms exporter, with record sales reaching $117.9 billion in the 2024 fiscal year. Key clients are advanced nations aligned with U.S. interests, predominantly in Europe, the Middle East, and East Asia to counter threats from nations like China and Russia. The ongoing war in Ukraine has notably accelerated arms sales and military spending across NATO members, with a substantial 45.7% increase from the previous year. This trend raises concerns regarding global military dynamics and spending priorities.
In the 2024 fiscal year, U.S. arms sales set an all-time high record of $117.9 billion, a whopping 45.7% increase from $80.9 billion in 2023.
The war in Ukraine has been the greatest catalyst for the arms race of the past couple of years, prompting Western nations to significantly boost their military spending.
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