FAST FIVE: NATO Working With Arms Industry To Ramp Up Production Amid Depleting Stockpiles
The civilian head of the North Atlantic Treaty Organization, Secretary-General Jens Stoltenberg, said he is working with the arms industry to increase production. Since Russia invaded Ukraine in February, members of NATO have sent tens of billions in arms to Ukraine.
Washington has led all donors by a significant margin, giving over $65 billion to Ukraine in just over seven months. Biden visits Lockheed Martin facility, file image.
Most weapons President Joe Biden has sent to Ukraine have come under the Presidential Drawdown Authority, which allows the president to give away American weapons without Congressional approval.
A White House official recently told the leaders of the arms trade that the Russian war would produce a windfall of new clients and revenue. Speaking with the New York Times, Stoltenberg said Brussels is joining Washington in seeking to make more weapons.
“We are now working with industry to increase production of weapons and ammunition,” he said. CNBC reports the US has “essentially run out of 155 mm howitzers to transfer to Ukraine.” The current production capacity for 155 mm ammunition also falls short of what the White House is seeking to provide Kiev.