The hot market for American weapons during the war in Ukraine
The hot market for American weapons during the war in Ukraine
The U.S. Department of Defense has already committed nearly $10 billion to replace depleted stockpiles of weapons and ammunition for the Ukrainian army. U.S. defense contractors have received orders from the Pentagon for new weapons totaling $9.7 billion to replace systems sent to Ukraine as military aid against Russia, according to Bloomberg News. This is part of a total of $26 billion that the US Congress has already approved for this purpose. Lockheed Martin, the world's largest defense contractor, has already received nearly $2.3 billion of a potential $6 billion and another $1.4 billion of a total of $1.9 billion for its joint venture with RTX, formerly known as Raytheon. , to develop its Javelin anti-tank missile system in order to replenish Ukrainian stocks.
Lockheed is scheduled to receive $1.4 of a potential $5.2 billion to replace the high-precision jet GMLRS. ARTX will receive another $844 million to replace the Patriot PAC-3 MSE anti-aircraft and anti-missile systems delivered to Ukraine. At the same time, ARTX will receive $581 million out of a potential $624 million to replace the American Stinger man-portable air defense systems, while in general, Congress has allocated $18.6 billion to meet Ukraine's long-term defense needs in this area. So far, seven billion dollars of these financial resources have been provided to US companies. ARTIX also has orders from the Pentagon for $1.2 billion of a potential $1.4 billion to supply its NASAMS long-range air defense systems to Ukraine. General Dynamics and other contractors will receive $901 million of a possible $1.4 billion to supply Kyiv with additional 155mm howitzer ammunition.