financetom
Business
financetom
/
Business
/
US Army says Congress doubled funds for 155 artillery
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Army says Congress doubled funds for 155 artillery
May 2, 2024 3:23 PM

WASHINGTON, May 2 (Reuters) - The U.S. Army said

Congress doubled to $6 billion its funding request for buying

and building 155 millimeter artillery rounds to replace stocks

depleted by shipments to Ukraine and now Israel, an Army

official said on Thursday.

Demand for 155 mm artillery rounds has soared since Russia

invaded Ukraine in February 2022. Allies' supplies for their own

defense have been run down as they have rushed shells to Kyiv,

which fires thousands of rounds per day.

"By my math, the supplemental, we asked for about $3.1

billion related to 155 production and production increases. We

appear to have gotten $6 billion. So that, I think, is a vote of

confidence as we make our way to 100,000 shells a month." Doug

Bush, the chief weapons buyer for the Army, said Tuesday

The U.S. Army included $3.1 billion to buy the artillery

rounds and expand production in the recently signed $95 billion

supplemental bill.

The U.S. plans to increase its monthly production rate for

155 millimeter artillery shells to 100,000 in the summer of 2025

Bush told reporters Thursday.

General Dynamics ( GD ) benefits from Pentagon spending to

replace equipment sent to Ukraine, including 155 millimeter

artillery.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved