U.S. buys more Stingers after missiles’ success in Ukraine

Author of the article: WASHINGTON — The U.S. Army has awarded a contract worth up to $687 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine, sources said on Friday. The shoulder-fired anti-aircraft Stinger missiles made by Raytheon were in hot demand in Ukraine, where they have…
U.S. buys more Stingers after missiles’ success in Ukraine

Author of the article:

WASHINGTON — The U.S. Army has awarded a contract worth up to $687 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine, sources said on Friday.

The shoulder-fired anti-aircraft Stinger missiles made by Raytheon were in hot demand in Ukraine, where they have successfully stopped Russian assaults from the air, and in neighboring European countries which fear they may also need to beat back Russian forces.

U.S. troops have limited use for the current supply of Stingers — a lightweight, self-contained weapon that can be deployed quickly to defend against helicopters, airplanes, drones and even cruise missiles — but the United States needs to maintain its supply on hand while it develops the next generation of a “man-portable air defense system.”

Since February, the U.S. has shipped about 1,400 Stingers to Ukraine. U.S. allies also want to restock the weapons they shipped to Ukraine in recent months.

The contract for up to 1,468 Stingers was awarded Wednesday, according to a document reviewed by Reuters. There was no timeline for completion of the work, but it was estimated delivery could take up to 30 months.

Separately, the Pentagon is searching for Stinger missiles that are already in inventory, but need to be refurbished, according to the document.

On May 6 the Pentagon’s chief weapons buyer, Bill LaPlante, said that he had aimed to sign a contract by the end of May and that the intent is to replace the Stinger missiles sent to Ukraine one-for-one.

The Pentagon and Raytheon did not immediately respond to requests for comment.

The Stinger production line was closed in December 2020, the Pentagon has said. In July 2021, Raytheon won a contract to manufacture more Stingers, but mainly for international governments, according to the U.S. Army.

Raytheon Chief Executive Greg Hayes told analysts during an April 26 conference call that the U.S. Department of Defense has not purchased a Stinger in 18 years.

“Some of the components are no longer commercially available, and so we’re going to have to go out and redesign some of the electronics in the missile of the seeker head. That’s going to take us a little bit of time.”

The sole Stinger facility, in Arizona, only produces at a low rate. (Reporting by Mike Stone in Washington; Editing by Hugh Lawson, Chizu Nomiyama and Jonathan Oatis)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
PlantX Announces Filing of Interim Financial Statements for the Nine Months Ended December 31, 2022
Read More

PlantX Announces Filing of Interim Financial Statements for the Nine Months Ended December 31, 2022

VANCOUVER, British Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) — PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“PlantX” or the “Company“), the digital face of the plant-based community, operating a one-stop shop for plant-based products, announces the filing of its interim financial statements, associated management’s discussion, and analysis and related officer certifications for the…
Godongwana Says Central Bank Mandate Enough to Foster Job Growth
Read More

Godongwana Says Central Bank Mandate Enough to Foster Job Growth

South African Finance Minister Enoch Godongwana said the central bank’s constitutional mandate to maintain price stability is sufficient to foster job creation, suggesting there’s no need for that directive to be expanded. Author of the article: Bloomberg News S'thembile Cele Enoch Godongwana, South Africa's finance minister, during an interview in Cape Town, South Africa, on…
U.S. considering range of options for ConocoPhillips’ Willow drilling project
Read More

U.S. considering range of options for ConocoPhillips’ Willow drilling project

Author of the article: The Biden administration on Friday unveiled an environmental analysis for ConocoPhillips’ planned $6 billion Willow oil and gas project in Alaska and outlined several options for the development, including not building it at all. The release of the document has been highly anticipated by the oil and gas industry and environmental…
Merida Announces Name Change and Results of Annual General and Special Meeting
Read More

Merida Announces Name Change and Results of Annual General and Special Meeting

Author of the article: Publishing date: Nov 30, 2022  •  15 hours ago  •  4 minute read Join the conversation TORONTO, Nov. 30, 2022 (GLOBE NEWSWIRE) — Merida Minerals Holdings Inc., (the “Corporation” or “Merida“) (TSXV: ESPN) announced that the Corporation has changed its name to “Hispania Resources Inc.” effective November 17, 2022. The common shares…