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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, General Dynamics and Northrop Grumman, whose shares are forecast to rise amid rising global instability. Arms sales and transfers are viewed as "important U.S. foreign policy tools with potential long-term implications for regional and global security," the State Department said in a statement.

United statesNick zieminskiDavid ljunggrenMike stoneLockheed martinDefense departmentNorthrop grummanUs state departmentNational advanced surface to air missile systemsGeneral dynamicsState departmentHigh mobility artillery rocket systemsMedium range air to missilesNational advanced surfaceAir missile systems