Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Exclusive - U.S. plans to sell armed drones to Ukraine in coming days - sources

Published 06/01/2022, 03:34 PM
Updated 06/01/2022, 03:45 PM
© Reuters. FILE PHOTO: Workers prepare an MQ-1C Gray Eagle unmanned aerial vehicle for static display at Michael Army Airfield, Dugway Proving Ground in Utah in this September 15, 2011 US Army handout photo obtained by Reuters February 6, 2013.    REUTERS/U.S. Army/

By Mike Stone

WASHINGTON (Reuters) - The Biden administration plans to sell Ukraine four MQ-1C Gray Eagle drones that can be armed with Hellfire missiles for battlefield use against Russia, three people familiar with the situation said.

The sale of the General Atomics-made drones could still be blocked by Congress, the sources said, adding that there is also a risk of a last minute policy reversal that could scuttle the plan, which has been under review at the Pentagon for several weeks.

Ukraine has been using several types of smaller shorter range unmanned aerial systems against Russian forces that invaded the country in late February. They include the AeroVironment (NASDAQ:AVAV) RQ-20 Puma AE, and the Turkish Bayraktar-TB2.

But the Gray Eagle represents a leap in technology because it can fly up to 30 or more hours depending on its mission and can gather huge amounts of data for intelligence purposes. Gray Eagles, the Army's version of the more widely known Predator drone, can also carry up to eight powerful Hellfire missiles.

The sale is significant because it puts an advanced reusable U.S. system capable of multiple deep strikes on the battlefield against Russia for the first time.

The administration of President Joe Biden intends to notify Congress of the potential sale to Ukraine in the coming days with a public announcement expected after that, a U.S. official said.

A White House spokesperson referred inquiries to the Pentagon and a Pentagon spokesperson said there was "nothing to announce."

Money from the recently passed $40 billion Ukraine Security Assistance Initiative has been set aside to fund both the possible sale and the training needed for the drones, the U.S. official and one of the people familiar said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"Generally the MQ-1C is a much larger aircraft with a max take-off weight around three times that of the Bayraktar-TB2, with commensurate advantages in payload capacity, range, and endurance," said drone expert Dan Gettinger with the Vertical Flight Society.

The MQ-1C is also compatible with a greater variety of munitions than the Bayraktar-TB2. The Ukrainian Bayraktars are equipped with 22 kg (48 pound) Turkish-made MAM-L missiles, around half the weight of a Hellfire.

Training on the UAV system made by General Atomics usually takes months, Gettinger said, but a notional plan to train experienced Ukrainian maintainers and operators in a handful of weeks has been proposed in recent weeks, the sources said.

Arming the drones with Hellfire missiles will be done via a future Presidential Drawdown Authority once training on the drones has been completed, the U.S. official and one of the sources said.

Up until an announcement on Wednesday that Ukraine would get four HIMARS rocket systems, the Pentagon has stressed that smaller systems such as Javelin anti-tank systems and Stinger anti-aircraft missiles, which allies are shipping to Ukraine via truck near-daily, are most useful.

Raytheon Technologies (NYSE:RTX) and Lockheed Martin Corp (NYSE:LMT) jointly produce Javelins, while Raytheon (NYSE:RTN) makes Stingers.

Latest comments

The US gives Ukraine 40 billion, then Ukraine uses the money to buy drones from the US?
Russia is getting decimated without even going against 1% of what Nato has to offer.
So being paid for by the money received from the US actually means they are giving them to them.
No surprise there
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.