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
Can Nonviolent Struggle Defeat a Dictator? This Database Emphatically Says Yes
Take Action Now The Global Nonviolent Action Database details some 40 cases of mass movements overcoming tyrants through strategic nonviolent…
CNBC Host Doesn’t Know How to Fix Runaway Healthcare Costs. Ro Khanna Says: Medicare for All
Take Action Now As health insurance companies rake in billions in profits, the California Democrat argues that a single-payer system would help US…
Labor, Community Groups Rally Against Trump’s Threats Of An ICE Invasion
Take Action Now White House backs off—for the moment—but the community is organized and readyBy JJ Lansing, 48hills Labor leaders and community…
The Data Brokers Fueling ICE’s Deportation Machine—And The Union Shareholders Fighting Back
Take Action Now “As investors, we are thinking about this as a risk to our investments, but also as a social and ethical issue.”By Maurizio…