Current:Home > StocksNATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine -Wealthify
NATO signs key artillery ammunition contract to replenish allied supplies and help Ukraine
View
Date:2025-04-27 15:43:07
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! (55)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Alabama Mine Expansion Could Test Biden Policy on Private Extraction of Publicly Owned Coal
- ‘Womb to Tomb’: Can Anti-Abortion Advocates Find Common Ground With the Climate Movement?
- Is it legal to have a pet squirrel? Beloved Peanut the squirrel euthanized in New York
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Mountain Dew VooDew 2024: Halloween mystery flavor unveiled and it's not Twizzlers
- Instagram video blurry? Company heads admits quality is degraded if views are low
- Kevin Durant fires back at Stephen A. Smith over ESPN's personality's criticism
- North Carolina justices rule for restaurants in COVID
- Opinion: What is Halloween like at the White House? It depends on the president.
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Taylor Swift plays mashup of Exile and song from debut album in Indianapolis
- Arkansas chief justice election won’t change conservative tilt of court, but will make history
- 'Taylor is thinking about you,' Andrea Swift tells 11-year-old with viral costume
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- ‘Venom 3’ tops box office again, while Tom Hanks film struggles
- The Futures of Right Whales and Lobstermen Are Entangled. Could High-Tech Gear Help Save Them Both?
- John Mulaney Shares Insight Into Life at Home With Olivia Munn and Their 2 Kids During SNL Monologue
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Massachusetts firefighters continue to battle stubborn brush fires across state
Massachusetts firefighters continue to battle stubborn brush fires across state
9 Years After the Paris Agreement, the UN Confronts the World’s Failure to Reduce Greenhouse Gas Emissions
Intel's stock did something it hasn't done since 2022
4 easy ways to find, enjoy scary stories this Halloween: Video
Shootings kill 2 and wound 7 during Halloween celebrations in Orlando
Biden declares major disaster area in southeast New Mexico due to historic flooding