US unveils $1.1 billion Ukraine arms package By Reuters
Stock Markets 10 hours ago (Sep 28, 2022 03:56PM ET)
(C) Reuters. FILE PHOTO: A view shows a residential building damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Kharkiv, Ukraine September 21, 2022. REUTERS/Vitalii Hnidyi/File Photo
By Mike Stone
WASHINGTON (Reuters) – The United States unveiled a $1.1 billion arms package for Ukraine’s battle with Russia that includes 18 High Mobility Artillery Rocket System (HIMARS) launcher systems, accompanying munitions, various types of counter drone systems and radar systems, U.S. officials said on Wednesday.
The Pentagon’s announcement kicks off a contracting process to procure the weapons which could be delivered in between 6 and 24 months, a senior defense officials told reporters on a conference call.
Funds from the Ukraine Security Assistance Initiative (USAI) appropriated by the U.S. Congress will be used to allow the Biden administration to procure weapons from industry rather than from existing U.S. weapons stocks.
Among the package are some 150 vehicles, 40 trucks and 80 trailers to transport heavy equipment, 2 radars to track unmanned aerial systems, 20 multi-mission radars tactical secure communications and surveillance systems as well as body armor training maintenance and spares.
HIMARS launchers are made by Lockheed Martin Corp (NYSE:LMT).
This announcement marks $16.2 billion worth of U.S. security assistance since Russia invaded Ukraine on Feb. 24.
US unveils $1.1 billion Ukraine arms package
By Andrew Chung (Reuters) – The U.S. Supreme Court last March rebuffed an emergency request by North Carolina Republicans to allow the use in November’s congressional elections of…
WASHINGTON (Reuters) -U.S. President Joe Biden publicly sought out Jackie Walorski, an Indiana Congresswoman who died in a car accident in August, during a conference on hunger on…
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Wednesday endorsed Republican celebrity physician Mehmet Oz in his campaign for the U.S. Senate seat in Pennsylvania,…
(C) 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.