Austin touts newly proposed 'Critical Munitions Acquisition Fund'

By Tony Bertuca / April 28, 2022 at 4:47 PM
Defense Secretary Lloyd Austin said today the new $33 billion aid package the Biden administration has proposed for Ukraine would include a new "Critical Munitions Acquisition Fund" to help surge production of anti-tank and anti-aircraft weapons now and in the future. The Defense Department’s $16.4 billion portion of the overall supplemental request to help Ukraine fend off an ongoing Russian invasion seeks $500 million to establish the new fund, which Austin, speaking at a Pentagon press conference, called a “strategic...

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