Current:Home > InvestNATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine -WealthMindset Learning
NATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine
View
Date:2025-04-15 06:44:26
BRUSSELS (AP) — NATO signed on Tuesday 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! (1746)
Related
- Could your smelly farts help science?
- Oregon’s top court asked to decide if GOP senators who boycotted Legislature can be reelected
- Miley Cyrus Goes Back to Her Brunette Roots in New Hair Transformation
- Your Ultimate Guide to Pimple Patches
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Former New Zealand prime minister and pandemic prep leader says we’re unprepared for the next one
- Japan’s Kishida unveils the gist of a new economic package as support for his government dwindles
- 3rd person arrested in fentanyl day care case, search continues for owner's husband
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Opponents of a controversial Tokyo park redevelopment file a petition urging government to step in
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Miley Cyrus Goes Back to Her Brunette Roots in New Hair Transformation
- Powerball jackpot swells to $835 million ahead of Wednesday's drawing
- 3 Top Tech Stocks That Could Help Make You Rich by Retirement
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Security forces rescue 14 students abducted from Nigerian university
- Full transcript: Rep. Alexandria Ocasio-Cortez on Face the Nation, Sept. 24, 2023
- EXPLAINER: What is saltwater intrusion and how is it affecting Louisiana’s drinking water?
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Watchdog files open meetings lawsuit against secret panel studying Wisconsin justice’s impeachment
A former UK nurse will be retried on a charge that she tried to murder a baby girl at a hospital
Woman accidentally finds Powerball jackpot ticket worth $100,000 in pile of papers
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Bachelor Nation's Gabby Windey and Girlfriend Robby Hoffman Share Insight Into Their Rosy Romance
Hollywood screenwriters and studios reach tentative agreement to end prolonged strike
In new effort to reset flu shot expectations, CDC to avoid messages that could be seen as a scare tactic