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Pentagon accounting error could give Ukraine extra $3bn in US weapons
Pentagon accounting error could give Ukraine extra $3bn in US weapons
A massive accounting error by the US Defense Department could allow an extra $3bn in American-made weapons to be delivered to Ukraine’s defence forces in the coming months. Two senior American officials told Reuters on Thursday that the Pentagon had overestimated the value of ammunition, missiles and other military materiel that has already been sent to Kyiv, leaving a $3bn deficit between what was believed to have been delivered and what was actually delivered to arm Ukrainian forces in their fight against Russian invaders. “We’ve discovered inconsistencies in how we value the equipment that we’ve given,” said one of the officials, who added that Congress will soon be officially notified of the bookkeeping screw-up. One defence official also said it’s still possible that the amount by which the US has overvalued the aid packages it has already delivered could grow beyond the current $3bn estimate. The Pentagon officials who spoke to Reuters said the overvaluation was introduced into the process for assigning values to weapons being shipped to Ukraine when the Defense Department erroneously calculated totals using the estimated cost to replace the weapons that were being provided from existing US stockpiles. Instead, the Pentagon should have assigned monetary values based on the original cost of the weapons, minus value subtracted to account for depreciation in the years between the original purchase date and when they were taken out of the US inventory to be sent to Ukraine. The updated — and presumably lower — value of the defence aid packages that have already been provided to the Ukrainian government could give the Biden administration more time before it must ask Congress to authorise additional aid for Kyiv. To date, the Ukrainian government has benefited from approximately $21bn in American defence aid, including High Mobility Artillery Rocket System (HIMARS) launchers, Javelin anti-tank weapons and two Patriot surface-to-air missile batteries. Read More Ukraine war – live: Putin launches day-long barrage on Bakhmut but Kyiv ‘repels all’ Ukraine repels Russian forces in Bakhmut after overnight strikes on Kyiv
2023-05-19 03:38
Fighting breaks out as Mali army closes on Tuareg rebel town
Fighting breaks out as Mali army closes on Tuareg rebel town
Mali's army drove closer on Saturday to the town of Kidal clashing with Tuareg separatist and rebel groups in what could signal the start of fighting...
2023-11-12 05:14
Jurickson Profar released by Rockies, who promote Hunter Goodman for big league debut
Jurickson Profar released by Rockies, who promote Hunter Goodman for big league debut
The Colorado Rockies released outfielder Jurickson Profar, who hit
2023-08-28 02:01
Bayern held by Leverkusen despite early Kane goal
Bayern held by Leverkusen despite early Kane goal
Harry Kane's fourth goal in four Bundesliga games was not enough as Bayern Munich were held to a 2-2 home draw by Bayer Leverkusen on Friday, with Exequiel...
2023-09-16 04:48
US regulator greenlights Starship's next launch on Friday
US regulator greenlights Starship's next launch on Friday
The US Federal Aviation Administration (FAA) on Wednesday authorized SpaceX to carry out its second launch of Starship, the most powerful rocket ever built, after a first attempt in...
2023-11-16 05:54
'Narc Cuban' Trends After Mavs Owner Ask About Illegal Streams
'Narc Cuban' Trends After Mavs Owner Ask About Illegal Streams
Narc Cuban was trending after Mark Cuban asked about illegal streams.
2023-05-30 09:43
How tall is Caitlin Clark? Exploring height of record-breaking Iowa basketball star
How tall is Caitlin Clark? Exploring height of record-breaking Iowa basketball star
Iowa Hawkeyes player Caitlin Clark's tall stature acts as an advantage during her exceptional long-distance shots
2023-09-23 15:18
Chargers loosen grip on checkbook to pay Justin Herbert: Best memes and tweets
Chargers loosen grip on checkbook to pay Justin Herbert: Best memes and tweets
The Chargers broke the bank for their franchise QB, giving Justin Herbert a monster contract extension that keeps him in Los Angeles until at least 2029.Justin Herbert won't be causing any drama at Los Angeles Chargers training camp. But he might be footing the bill for a dinner or several....
2023-07-26 07:36
Instant view: China's Q3 GDP grows 4.9% y/y, beats market forecast
Instant view: China's Q3 GDP grows 4.9% y/y, beats market forecast
China's economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed
2023-10-18 11:11
Florida man accused of pistol-whipping and shooting friend in both legs during drunken bawl on August 11
Florida man accused of pistol-whipping and shooting friend in both legs during drunken bawl on August 11
Thomas Arney has been charged with aggravated battery with a deadly weapon after he reportedly assaulted his friend
2023-08-15 03:53
STMicro Boosts Quarterly Revenue 13% as Auto Demand Drives Sales
STMicro Boosts Quarterly Revenue 13% as Auto Demand Drives Sales
STMicroelectronics NV revenue in the second quarter rose 13% from a year earlier, beating expectations, as demand from
2023-07-27 13:17
Score 20% off Fitbit wellness trackers, including the Charge 5 and Sense 2
Score 20% off Fitbit wellness trackers, including the Charge 5 and Sense 2
Our top picks Best deal overall Fitbit Charge 5 $119.95 at Amazon (save $30) Get
2023-08-17 01:16