Defense Contractors Rake in Millions as U.S. Seeks to Supply More Weapons to Ukraine

"Defense contractors are raking in millions of dollars as the Biden administration pledges to continue supporting Ukraine for “as long as it takes.”

The U.S. Army announced in December it awarded an $84 million contract to Raytheon Missiles and Defense for more than 1,000 Excalibur 1B precision munitions to replenish those sent to Ukraine.

Just weeks before, the Army awarded a $432 million contract to Lockheed Martin to replenish High Mobility Artillery Rocket System (HIMARS) launchers that the U.S. and allies sent to Ukraine, according to Defense News. The Army also awarded a $1.2 billion contract to Raytheon for six National Advanced Surface-to-Air Missile System (NASAMS) batteries for Ukraine.

This week, the Biden administration is expected to announce more military assistance to Ukraine when U.S. defense leaders meet with their counterparts in Germany for the eighth meeting of the Ukraine Defense Contact Group. The U.S. pledged $400 million in military equipment at the group’s last meeting on November 23." Breitbart