Author: Mike Stone

The Pentagon Discovers $2 Billion Errors in Valuation of Aid Sent to Ukraine WASHINGTON – A recent U.S. government report revealed that the Pentagon has identified additional errors totaling $2 billion in its calculations for ammunition, missiles, and other equipment sent to Ukraine. This brings the total value of improperly valued material to $8.2 billion. The U.S. Department of Defense has struggled with accurately valuing defense articles sent to Ukraine due to unclear accounting definitions, as highlighted in a new Government Accountability Office report. In 2023, a $6.2 billion error was made by using “replacement value” instead of “depreciated value,”…