Skip to content
Stock Focus Report

Stock Focus Report

Primary Menu
  • Home
  • Business
  • Economy
  • Domestic
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • September
  • 20
  • Biden readies $375 million arms aid package for Ukraine
  • Uncategorized

Biden readies $375 million arms aid package for Ukraine

Stock Focus Report September 20, 2024
2024-09-20T180653Z_1_LYNXMPEK8J0NR_RTROPTP_4_UKRAINE-CRISIS-POKROVSK

By Mike Stone

WASHINGTON (Reuters) – The United States is preparing a $375 million military aid package for Ukraine, breaking a months-long trend towards smaller packages for Kyiv for its military operations against Russia, two U.S. officials told Reuters on Friday.

The latest package comes at a crucial time in the war, as Russia pummels Ukraine’s energy grid ahead of the critical winter months.

The aid package, expected to be announced next week, includes patrol boats, additional ammunition for high-mobility artillery rocket systems (HIMARS), 155 and 105 millimeter artillery ammunition, spare parts and other weapons, the officials said, speaking on condition of anonymity.

The contents and size of the package could change in the coming days ahead of the president’s expected signature.

Since May, the U.S. has not sent an aid package greater than $275 million using Presidential Drawdown Authority (PDA).

PDAs allow the U.S. to draw from current weapons stocks to help allies in an emergency. In August, as Ukraine was pressing an incursion into Russia and losing territory in its east to Russian advances, the U.S. sent two packages, both for $125 million each.

Pro-Ukraine U.S. congressional leaders and President Joe Biden’s administration are working towards an agreement to seek a one-year extension of about $5.5 billion worth of PDA for Ukraine that is due to expire this month.

There was bipartisan support for the plan to include the extension of the PDA in a Continuing Resolution, a short-term emergency spending bill that the Senate and House of Representatives must pass to avoid a Sept. 30 government shutdown.

The authority set to expire in days was granted in a supplemental spending bill passed in April after a long delay by Republican opponents of Ukraine aid.

April also saw an increase in funds to buy new weapons that would replenish the U.S. weapons stocks drawn down by Ukraine PDA packages. Experts envisioned these new orders would boost the order backlogs of weapons makers like RTX, Lockheed Martin, General Dynamics, and Northrop Grumman.

(Reporting by Mike Stone in Washington; Editing by Don Durfee and Marguerita Choy)

Continue Reading

Previous: US FDA approves Elanco’s skin disease treatment for dogs
Next: Gold breaks $2,600 barrier as Fed cut bets prolong historic run

Related Stories

  • Uncategorized

Hidden Gem’s – Tomorrow’s Market Secrets – Delivered Today

Stock Focus Report May 15, 2025
  • Uncategorized

[Expiring Soon] 72-Hour Market Playbook: April 30–May 3

Stock Focus Report April 28, 2025
2025-03-20T180704Z_1_LYNXMPEL2J116_RTROPTP_4_WIZ-M-A-ALPHABET
  • Uncategorized

Trump trade upheaval leaves foreign central banks guessing

Stock Focus Report March 20, 2025

Recent Posts

  • Musk criticizes Trump tax bill: can’t be both big and beautiful
  • Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets
  • US to issue visa bans for foreign nationals who ‘censor’ Americans, Rubio says
  • Musk criticizes Trump tax bill: can’t be both big and beautiful
  • US senator calls for AI competition in Pentagon contracting

Categories

  • Business
  • Domestic
  • Economy
  • Money
  • Newsletters
  • Politics
  • Top News
  • Uncategorized

You may have missed

  • Newsletters

Musk criticizes Trump tax bill: can’t be both big and beautiful

Stock Focus Report May 28, 2025
2025-05-28T145019Z_1_LYNXNPEL4R0T2_RTROPTP_4_UBS-GROUP-FOREX
  • Business

Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets

Stock Focus Report May 28, 2025
2025-05-28T154023Z_2_LYNXNPEL4R0VL_RTROPTP_4_USA-DIPLOMACY-RUBIO

US to issue visa bans for foreign nationals who ‘censor’ Americans, Rubio says

Stock Focus Report May 28, 2025
2025-05-28T143911Z_1_LYNXNPEL4R0SP_RTROPTP_4_USA-CONGRESS-TAX-MUSK

Musk criticizes Trump tax bill: can’t be both big and beautiful

Stock Focus Report May 28, 2025
  • Home
  • Privacy Policy
  • Terms of Service/Use Agreement
  • Disclaimer
  • Contact Us
Copyright © All rights reserved. | MoreNews by AF themes.