The Pentagon claims it overestimated the value of weapons it sent to Ukraine.
by Dave DeCamp, Antiwar.com
The Pentagon on Tuesday claimed that an “accounting error” has freed up an additional $6.2 billion to spend on military aid for Ukraine.
Pentagon Deputy Press Secretary Sabrina Singh told reporters that weapons sent to Ukraine from US military stockpiles using the Presidential Drawdown Authority (PDA) were overvalued by using the cost to replace the arms rather than the depreciated value.
“In a significant number of cases, services used replacement costs rather than net book value, thereby overestimating the value of the equipment drawn down from US stocks and provided to Ukraine,” Singh said.
Reports first surfaced in May that said the Pentagon may have overvalued weapons it was sending to Ukraine. At the time, the estimate was that the error would account for at least $3 billion in new funds for Ukraine, which has more than doubled.
Recent Posts
Is Nuclear Winter a Climate Issue?
Take Action Now The ultimate environmental disasters are still siloed.By Norman Solomon, Tom Dispatch Thirty-five years after the start of the…
The New York Times Tries To Create A Mamdani Antisemitism Scandal
Take Action Now In the race for mayor, Zohran Mamdani is polling second with Jewish New Yorkers—but one would hardly know it reading the paper of…
Passive Democrats Fail To Convene Emergency Meeting To Confront Trump’s Assault On Democracy
Take Action Now Interview with Alan Minsky, executive director of Progressive Democrats of America, conducted by Scott HarrisBy Scott Harris and…
The Trump-Musk Spat Exposes Our Ugly Plutocracy
Take Action Now Two billionaires, Donald Trump and Elon Musk, are squabbling over the federal government’s spoils. It seems almost quaint to worry…