FY24 Defense Trade Results

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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.

Foreign Military Sales

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. 

This is the highest ever annual total of sales and assistance provided to our allies and partners.  In FY2024, State oversaw 16,227 FMS cases with an open case value of over $845 billion. 

The three-year rolling average value for transferred defense articles and services and security cooperation activities conducted under the Foreign Military Sales system was for FY2022-FY2024 was $83.6 billion. This represents a 49.6% increase from $55.9 billion for FY2021-FY2023.   

The top three FMS buyers were:

  • Türkiye – F-16 Aircraft Acquisition and Modernization ($23.0 billion)  
  • Israel – F-15IA and F-15I+ Aircraft ($18.8 billion)  
  • Romania – F-35 Aircraft ($7.2 billion)   and M1A2 Abrams Main Battle ($2.5 billion)  

Direct Commercial Sales 

The total authorized value for privately contracted Direct Commercial Sales (DCS) authorizations for FY2024 was $200.8 billion, which includes the value of hardware, services, and technical data authorized from exports, temporary imports, reexports, retransfers, and brokering.  This represents a 27.5% increase, up from $157.5 billion in FY2023.   

The three-year rolling average of DCS authorizations issued by the State Department for FY2022-FY2024 was $170.6 billion, which was a 23.5% increase over the period FY2021-FY2023.  

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