US arms sales hit record $318.7B in 2024 ...Iraq

The unprecedented growth is driven by heightened demand as countries replenish stockpiles depleted by military support for Ukraine and bolster defenses in anticipation of potential conflicts.

During his presidential campaign, Republican President Donald Trump called on allied nations to significantly increase defense expenditures. He advocated for NATO member states to allocate 5% of their GDP to defense—more than double the alliance's current target of 2%, which even the United States has yet to meet.

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