Supply Chain Research

The U.S. runs a $7.7 billion trade annual surplus in arms including aircraft, vehicles, weapons and other systems. New export orders worth $5.3 billion were approved in July, the highest since October and 2.5x the prior year’s level. Yet, these are multi-year program and current deliveries are declining. Exports of vehicles and armaments fell 1% in July, while military aircraft shipments dropped 24% to deliver their worst month since April 2014. On the other side of the equation U.S. imports – mostly small arms and ammunition – have also been in decline. Ammunition imports fell 6%, the f...