The number and price of arms sales approved by Washington to its NATO allies almost doubled in 2022 as compared to 2021, a US magazine has reported.
The outlet noted that last year, the US government approved 14 possible major arms sales to its allies in the alliance, worth about $15.5 billion. In 2022, the figure soared to 24 potential major arms sales with price tag of around $28 billion, including $1.24 billion worth of arms sales to possible new NATO member Finland.
The magazine pointed out that the data indicates that the US remains “a major arms supplier for allies in Europe in the short term,” in the midst of European defense industries’ push to “meet wartime demands for conventional arms and ammunition.”
According to the media outlet, the increase took place as NATO members scrambled “to stock up on high-end weapons” amid the ongoing Russian special military operation in Ukraine.
The outlet reported that although some of arms sales deals were negotiated years beforehand, the Russian special operation sent NATO’s European members scrambling to bump up their military spending, and to replenish vehicles, weapons, and ammunition delivered to the Ukrainian military.
Latvia, Lithuania, and Estonia have all ordered HIMARS Multiple-Launch Rocket Systems (MLRS), while the US State Department authorized earlier this month the sale of 116 M1A1 Abrams tanks to Poland, after Warsaw sent its Soviet-era T-72 and domestically-made PT-91 tanks to Kiev’s forces.
The report comes after President Joe Biden signed a new $1.7 trillion federal spending bill into law, a document that includes $858 billion in defense spending.
According to a statement released on the website of the US Senate Committee on Budget Appropriations, the so-called National Defense Authorization Act (NDAA) comprises “$44.9 billion in emergency assistance to Ukraine and our [America’s] NATO allies.” Since Russia launched its special operation in Ukraine on February 24, the US and its allies have supplied more than $40 billion worth of arms to Kiev. Moscow has repeatedly warned that providing Kiev with arms prolongs the Ukraine conflict.
The signing of the NDAA followed a separate US media outlet reporting about a surge in the share prices of the four largest US defense contractors, including Lockheed Martin, Northrop Grumman, Raytheon Technologies, and Pratt & Whitney.
The outlet reported that Lockheed Martin “had booked more than $950 million worth of its own missile military orders from the Pentagon in part to refill stockpiles being used in Ukraine, while Raytheon Technologies was awarded with “more than $2 billion in contracts to deliver missile systems to expand or replenish weapons used to help Ukraine.”