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 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.