President Donald Trump’s State Department has announced that the U.S. export control system authorized a whopping $318 billion in foreign arms sales in 2024.
Military spending rose 14% over President Biden’s four-year term to $841.4 billion in the fiscal 2024 appropriations bill signed into law last December.
The Biden administration’s directive to move Ukraine to the front of the line for the interceptors has been understood by other international customers.
The U.S. Army will seek to reduce funding in fiscal 2025 for a hypersonic missile program on the cusp of being fielded as part of an overall $185.9 billion budget proposal.
Lockheed Martin expects growing international demand to keep its F-35 production line running at pace amid a potential reduction in U.S. buys of the aircraft.