Reuters. President Joe Biden's administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to dole out $6.2 billion of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two U.S. officials said on Monday.
In May, the Pentagon announced it had mistakenly assigned a higher-than-warranted value to the U.S. weaponry shipped to Kyiv when staff used "replacement value" instead of "depreciated value" to tabulate the billions worth ammunition, missiles and other equipment sent to Ukraine.
Tuesday's expected announcement of $200 million would be the first tranche of the $6.2 billion windfall of previously authorized Presidential Drawdown Authority (PDA), the officials said.
Included in this package were items like mine clearing equipment, TOW and AT4 anti-tank weapons, guns and ammunition, air defense interceptors made by Lockheed Martin Corp (LMT.N) for the Patriot system, Guided Multiple Launch Rocket System (GMLRS) rockets and Javelin anti-tank missiles made by a joint venture between Lockheed and RTX Corp (RTX.N), along with other equipment.
