Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.
The figures underpin expectations of stronger sales for the likes of Lockheed Martin (LMT.N), opens new tab, General Dynamics (GD.N), opens new tab and Northrop Grumman (NOC.N), opens new tab, whose shares are forecast to rise amid rising global instability.
It hasn't though. The US is breaking records in terms of military hardware exports. If anything, the gravy train has sped up.
Got a source on this? Not arguing with you just curious
https://www.reuters.com/business/aerospace-defense/us-arms-exports-hit-record-high-fiscal-2023-2024-01-29/
Makes sense