🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

U.S. announces $400 million in new military aid for Ukraine

Published 11/04/2022, 12:18 PM
Updated 11/04/2022, 03:47 PM
© Reuters. Ukrainian soldiers fire a round on the frontline from a T80 tank that was captured from Russians during a battle in Trostyanets in March, as Russia's invasion of Ukraine continues, in the eastern Donbas region of Bakhmut, Ukraine, November 4, 2022. REUTER

By Idrees Ali, Mike Stone and Jan Lopatka

WASHINGTON (Reuters) -The United States on Friday announced an additional $400 million in military aid to Ukraine, including refurbishing T-72 tanks and missiles for HAWK air defense systems for Kyiv.

Pentagon spokeswoman Sabrina Singh told reporters that the U.S. would pay for 45 T-72 tanks from the Czech Republic to be refurbished and fund refurbishing some missiles for HAWK air defense systems.

Singh said in addition to the funds to refurbish the HAWK missiles, the pledged $400 Ukraine Security Assistance Initiative (USAI) funds would refurbish the Soviet-era Czech tanks and give them "advanced optics, communications and armor packages." There was also funding to buy 1,100 Phoenix ghost tactical unmanned aerial systems and 40 armored riverine boats, among other capabilities.

The tanks would be refurbished by privately-owned Czech CSG, according to a person familiar with the matter, who added that once work is complete they would be equivalent to the T-72 AVENGER, which has been modernized to improve protective systems and to add modern night-vision and communications equipment.

Deputy Czech Defense Minister Tomas Kopecny told Reuters that in total 90 tanks from third parties and private stocks would be modernized. The U.S. funds would pay for 45, or half the fleet.

In October, Reuters first wrote about the initiative to furnish HAWK interceptor missiles to Ukraine. They would be an upgrade to the Stinger missile systems - the smaller, shorter-range air defense system - that the United States has already sent to blunt Russia's invasion.

The MIM-23 HAWK - a name that began life as an acronym for "Homing All the Way Killer" - was first introduced in the 1950s as the U.S. military sought ways to defeat raids of high-flying strategic bombers. It was upgraded over the years to deal with jamming and other countermeasures, and eventually exported to more than a dozen countries, according the U.S. Army Aviation and Missile Life Cycle Management Command.

The U.S. Army removed the missiles from service in the mid-1990s and the U.S. Marine Corps followed soon after. The Army replaced it with the MIM-104 Patriot, and the Marines shifted entirely to using smaller, more portable air defense systems.

© Reuters. FILE PHOTO: A destroyed Russian T-72 tank is seen near a frontline, amid Russia's attack on Ukraine, in Mykolaiv region, Ukraine October 26, 2022. REUTERS/Valentyn Ogirenko/File Photo

Once the HAWK air defense missiles are refurbished, they could be included in future Presidential Drawdown Authority (PDA) which allows the United States to transfer defense articles and services from stocks quickly without congressional approval in response to an emergency.

Singh declined to provide a timeline or an amount if interceptors.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.