NATO Signs $1.2 Billion Artillery Ammunition Contract Amid Ukraine's Ammunition Shortages
The ammunition, expected to be delivered within 24 to 36 months, aims to replenish NATO member stocks and support Ukraine in its conflict with Russia.
- NATO has signed a $1.2 billion contract to produce 220,000 rounds of 155mm artillery ammunition, some of which will be supplied to Ukraine.
- The ammunition is expected to be delivered within 24 to 36 months, with initial deliveries potentially made by the end of 2025.
- The contract is part of NATO's efforts to replenish the dwindling stocks of its member countries and support Ukraine in its conflict with Russia.
- Ukraine has been facing ammunition shortages, with its artillery shell usage dropping from 8,000 per day during its counteroffensive in the summer to just 2,000 in recent weeks.
- The European Union's plan to produce 1 million artillery rounds for Ukraine in 2023 fell short, with only about a third of the target met.