US military equipment to foreign govts rose 33 percent, to USD 55.6 billion

Sales of U.S. military equipment to foreign governments rose 33 percent this year, to $55.6 billion, a U.S. administration official told Reuters on Tuesday.

Sales of U.S. military equipment to foreign governments rose 33 per cent this year, to $55.6 billion, a U.S. administration official told Reuters on Tuesday.

The increase in sales came in part because the Trump administration rolled out a new “Buy American” plan in April that loosened regulations around sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry. 

(With inputs from agencies.)