American businesses secured 98 contracts valued at $170 billion with foreign government buyers during the first nine months of the Trump administration, according to the Department of Commerce’s International Trade Administration (ITA). The figures, disclosed in a September 30 statement, highlight a significant surge compared to the $12 billion in contracts recorded during the same period in 2021.
Commerce Secretary Howard Lutnick emphasized the administration’s focus on revitalizing U.S. industry, stating, “The record-breaking U.S. business wins under President Trump’s leadership reflect an unwavering commitment to rebuilding U.S. industry for the American worker.” The contracts are projected to support 589,000 American jobs and generate $144 billion in made-in-the-USA exports.
Key sectors driving the deals include aerospace and defense, which accounted for $153 billion in contracts, alongside energy security initiatives valued at $5 billion. The information technology sector saw over $800 million in agreements, while safety and security equipment transactions totaled more than $600 million. Commerce Undersecretary William Kimmitt noted the administration’s efforts to “win contracts to support hundreds of thousands of American jobs.”
Despite a 0.5% decline in the Conference Board’s leading economic index in August, U.S. GDP growth rebounded in the second quarter of 2025, rising 3.8% after a 0.6% contraction in the first quarter.
