Current:Home > FinanceRobert Brown|NATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine -MarketLink
Robert Brown|NATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine
Surpassing Quant Think Tank Center View
Date:2025-04-07 22:13:36
BRUSSELS (AP) — NATO signed on Robert BrownTuesday a $1.2-billion contract to make tens of thousands of artillery rounds to replenish the dwindling stocks of its member countries as they supply ammunition to Ukraine to help it defeat Russia’s invasion.
The contract will allow for the purchase of 220,000 rounds of 155-millimeter ammunition, the most widely sought after artillery shell, according to NATO’s support and procurement agency. It will allow allies to backfill their arsenals and to provide Ukraine with more ammunition.
“This is important to defend our own territory, to build up our own stocks, but also to continue to support Ukraine,” NATO Secretary-General Jens Stoltenberg told reporters.
“We cannot allow President (Vladimir) Putin to win in Ukraine,” he added. “That would be a tragedy for the Ukrainians and dangerous for all of us.”
Ukraine was firing around 4,000 to 7,000 artillery shells each day last summer, while Russia was launching more than 20,000 shells daily in its neighbor’s territory, according to European Union estimates.
Russia’s arms industry far outweighs Ukraine’s and Kyiv needs help to match Moscow’s firepower.
But the shells will not arrive quickly — delivery on orders takes anywhere from 24 to 36 months, the NATO agency said.
The European Union plans to produce 1 million artillery rounds for Ukraine have fallen short, with only about a third of the target met. Senior EU officials have said that they now expect the European defense industry to be producing around one million shells annually by the end of this year.
___
Find more of AP’s coverage of Russia and Ukraine at https://apnews.com/hub/russia-ukraine
veryGood! (756)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- 'Suits' stars reunite in court with Judge Judy for e.l.f. Cosmetics' Super Bowl commercial
- A booming bourbon industry has Kentucky leaders toasting record growth
- Kentucky House panel advances bill to forbid student cellphone use during class
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Employers can now match student debt payments with retirement contributions. Will they?
- 'We broke up': Internet-famous Pink Shirt Couple announces split to 20 million followers
- Former Audubon group changes name to ‘Bird Alliance of Oregon’
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Illinois man receives sentence after driving into abortion clinic, trying to set it on fire
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Tish Cyrus Details “Psychological Breakdown” Amid Divorce From Billy Ray Cyrus
- Honda is recalling more than 750,000 vehicles to fix faulty passenger seat air bag sensor
- Two off-duty officers who fatally shot two men outside Nebraska night club are identified
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Coke hopes to excite younger drinkers with new raspberry-flavored Coca-Cola Spiced
- Guns and ammunition tax holiday supported by Georgia Senate
- Blinken briefs Israeli leaders on cease-fire and hostage talks as war in Gaza enters 5th month
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
How a 3rd grader wearing suits to school led to a 'Dapper Day' movement in Maine
Families of Black girls handcuffed at gunpoint by Colorado police reach $1.9 million settlement
How Prince Harry and King Charles' Relationship Can Heal Amid Cancer Treatment
Sam Taylor
Pro bowler from Ohio arrested while competing in tournament in Indiana
Taylor Swift, Travis Kelce and finding happiness and hatred all at once
Felicity Huffman says her old life 'died' after college admissions scandal