By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > US to rush Patriot missiles to Ukraine as Pentagon builds up support
News

US to rush Patriot missiles to Ukraine as Pentagon builds up support

News Room
Last updated: 2024/04/26 at 5:14 PM
By News Room
Share
4 Min Read
SHARE

Stay informed with free updates

Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.

The US is rushing more Patriot missiles to Ukraine and will spend $6bn to build up domestic weapons manufacturing to support Kyiv, as the Joe Biden administration begins parcelling out funds unlocked by Congress this week.

Lloyd Austin, the defence secretary, and CQ Brown, chairman of the joint chiefs of staff, on Friday said the $6bn would procure military aid from US defence companies, which means it will take longer to reach Ukraine but should shore up its defences over a longer timeframe.

The $6bn package will include munitions for air defence systems including Patriots, and for High Mobility Artillery Rocket System, known as Himars, as well as radars and drones, the Pentagon said.

The announcement comes two days after President Biden signed into law a $95bn foreign aid package that included $61bn for Ukraine, which has been fighting Russia’s full-scale invasion for more than two years.

Shortly after the law was passed on Wednesday, the Pentagon also authorised $1bn worth of military equipment and weapons to be drawn from stockpiles and rushed to Ukraine.

The $6bn parcel announced on Friday “highlights the strong and unwavering US commitment to meet Ukraine’s most-pressing immediate and longer-term capability needs to fight Russian aggression as part of the global coalition we have built with some 50 allies and partners”, the Pentagon said.

As the White House sought congressional approval for aid to Ukraine, it frequently made the case that it would benefit US defence manufacturers.

“We’re helping Ukraine while at the same time investing in our own industrial base, strengthening our own national security, and supporting jobs in nearly 40 states all across America,” Biden said as he signed the long-delayed Congressional aid package into law this week.

Eric Fanning, the chief executive of the Aerospace Industries Association, the biggest lobbying group for US defence companies, described the legislation passed this week as a “much-needed injection of funding that will safeguard America’s future by replenishing US stocks and increasing production capacity here at home”.

Austin and Brown announced the $6bn plan after a meeting with the Ukraine contact group, which brings together military leaders from a group of countries supporting Kyiv. Earlier in the day, Volodymyr Zelenskyy, Ukraine’s president, called on Western countries to maintain their support.

“While we were waiting for a decision on American support, the Russian army managed to seize the initiative on the battlefield,” Zelenskyy said in a video message.

“We’re currently forming new brigades to strengthen our positions. They need support, just like the brigades already operating at the front.”

Ukraine has asked for new deliveries of air defence systems and missiles to protect Ukrainian cities against missile attacks as well as troops on the frontline.

The Russian military has launched more than 9,000 guided aerial bombs since the beginning of the year, Zelenskyy said. Missile attacks this month destroyed several power plants across Ukraine, triggering power outages.

Read the full article here

News Room April 26, 2024 April 26, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Apple turns 50: Let’s Talk About It

Watch full video on YouTube

Inside The U.S. Navy’s $2.3 Billion Retail Business To Aid Military Servicemembers

Watch full video on YouTube

Trump addresses nation as Iran war rattles markets

Watch full video on YouTube

How Kodak’s CEO Plans To Keep The Business Alive After Over 100 Years

Watch full video on YouTube

BCX: Compound Your Income With Commodities Exposure (NYSE:BCX)

This article was written byFollowNow retired, I am an income-oriented investor seeking…

- Advertisement -
Ad imageAd image

You Might Also Like

News

BCX: Compound Your Income With Commodities Exposure (NYSE:BCX)

By News Room
News

Inside China’s plans to fight in space

By News Room
News

Equity Outlook Q2 2026: Global Growth Holds Firm As Geopolitical Risk Simmers

By News Room
News

Politics And The Markets 04/26/26

By News Room
News

America’s bid for energy supremacy is being forged in war

By News Room
News

Crude Oil Trades Above $95 Ahead Of Weekend Risk – WTI Technical Analysis

By News Room
News

PLS Group Limited (PILBF) Q3 2026 Sales/Trading Call Transcript

By News Room
News

Politics And The Markets 04/23/26

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?