US firms win $170B in foreign government contracts
The U.S. Department of Commerce’s International Trade Administration announced that American companies have signed a record $170 billion in foreign government contracts since President Trump returned to office. The ITA says the 98 contracts are expected to generate $144 billion in U.S.-manufactured exports and support nearly 600,000 American jobs, with aerospace and defense accounting for $153 billion of the total; Commerce officials Howard Lutnick and William Kimmitt issued statements highlighting the deals as evidence of renewed U.S. industrial competitiveness.
Economy
Trade
🔍 Key Facts
- $170 billion: total value of foreign government contracts won by U.S. companies, per Commerce/ITA
- 98 contracts signed, expected to produce $144 billion in U.S. exports and support nearly 600,000 American jobs
- Aerospace & defense comprised $153 billion of the total; other sectors include ~$5 billion nuclear/oil & gas, $800 million IT, $600 million safety/security