More than $7B in US military equipment seized by Taliban:

New Post Public Reply Private Reply Replies (1) Message Board
Rusty
202
More than $7B in US military equipment seized by Taliban: Pentagon watchdog
August 16, 2022

The bulk of the outlay, the watchdog said, was for tactical ground vehicles like Humvees and mine-resistant MRAPs — about $4.12 billion of which was in the Afghan military’s inventory when the Taliban swept into Kabul on Aug. 15, 2021.

The report also noted that the lost materiel included $923.3 million worth of military aircraft, “some of which were demilitarized and rendered inoperable during the evacuation,” and $294.6 million in aircraft munitions.




The Taliban were left with $7 billion in US military equipment after the withdrawal last year, according to a report from the Defense Department’s inspector general.

The IG’s office added that the Pentagon’s Office of the Under Secretary of Defense for Policy, which provided the figures, had claimed that “the Afghan forces were heavily reliant on U.S. contractor support to maintain both their aircraft and ground vehicle fleets, and without this continued support, the long-term operability of these assets would be limited.”

The report also said that 316,260 small arms — including rifles, sniper rifles, pistols, machine guns, rocket-propelled grenade launchers and howitzers — worth $511.8 million were under the care of the Afghan military at the time of its collapse, but the condition of those weapons was unknown.

Communications, explosive detection, night-vision and other surveillance equipment was also in the Kabul government’s inventory when the Taliban took over.


A group of Taliban members posing with US weapons and equipment after the takeover.


The Afghan military had 316,260 small arms worth $511.8 million at the time of the takeover that are unaccounted for.

The report also stated that the US military had “removed nearly all major equipment” during the pullout, except for some tactical vehicles that transferred to the Afghan ministry of defense at the beginning of last year, as well as other obsolete vehicles that were destroyed.

Between 2005 and 2021, the Defense Department spent around $84 billion in security assistance to Afghan forces, with $18.6 billion going to buying weapons for the Afghan National Army, Afghan Air Force, Afghan National Police, and Afghan Special Security Forces.

Over those 16 years, the watchdog found, the US spent $612 million on 427,300 weapons “including 258,300 rifles, 6,300 sniper rifles, 64,300 pistols, 56,155 machine guns, 31,000 rocket propelled grenade launchers, and 224 howitzers.”

The inspector general’s report comes amid Republican criticism of President Biden’s handling of the military pullout on its anniversary.

GOP lawmakers have accused the administration of “misleading” the American people and have vowed to get answers from the White House if they regain control of Congress in November’s midterm elections.

The Republicans are also preparing their own report on the chaotic withdrawal this week that faults the administration for “catastrophic flaws” in devising the pullout plan that allowed the Taliban to return to power and give al Qaeda another foothold in the war-torn country.


https://nypost.com/2022/08/16/more-than-7b-in...-watchdog/



Scroll down for more posts ▼

Top 10 Most Recent News Articles

White House Photographer Reveals Unseen Historic Moments

Updated Category News Views 94

You don’t just wander into the White House and leave unimpressed, not if you're someone who lived it like David Hume Kennerly. Imagine stepping behind those gates and through history's lens, capturing moments few had the privilege to see. Kennerly's debut as the Chief White House Photographer was at a turning point in America, just after the Nixon saga collapsed in...

Continue Reading
Boardwalk Welcomes New CFO: What This Means for Growth

Updated Category News Views 77

Boardwalk's Leadership Shift: Enter Scott Wexler Nothing spices up a pipeline company's menu like a fresh plate of leadership. Boardwalk Pipelines, out in Houston, just handed the keys to their finance dungeon over to Scott Wexler. He's stepping in as the chief financial officer and senior VP of corporate strategic development, an upgrade that got announced today. Packing...

Continue Reading
EzAccounting: Your Q3 IRS Filing Gets a No-Nonsense Tool

Updated Category News Views 19

Taking Tax Deadlines Head-On Tax season's got businesses sweating all over the country, but it doesn't have to be a full-scale panic attack if you've got the right gear. That's where ezAccounting steps in, dishing out a reliable solution to hit those looming IRS Form 941 deadlines without a migraine. By November 2, 2026, companies are looking to dodge the bullet of...

Continue Reading
Markel's Reinsurance Shift with $4.8B Deal: Strategic Move?

Updated Category News Views 29

Weaving Through Complex Insurance Terrain When Markel Insurance pulls a move on the chessboard that involves $4.8 billion in subject reserves, we better pay attention. The insurance bigwig has inked a reinsurance deal with Enstar. This plan, they say, will help them focus more on their specialty insurance game while tidying up the loose ends in their global reinsurance...

Continue Reading
LUNGevity's Bold $1M Bet on Lung Cancer Research

Updated Category News Views 24

Investing in the Future of Lung Cancer Research Damn, you don't see this kind of commitment every day! LUNGevity Foundation is dropping over a million bucks on the table to swell the ranks of lung cancer researchers. They're not just tossing dollars at established players; they're betting on fresh minds to shake things up in this critical field. Tackling lung cancer isn't...

Continue Reading
Pave and Levels.fyi Unite: Revolutionize Pay Decisions

Updated Category News Views 17

Diving straight into the heart of it, here's a move in the business world that's all but marking its territory on the compensation landscape. Pave, already a big player in agentic compensation management, is shaking hands with Levels.fyi, a platform prized for its real-deal compensation data detailed down to the company, level, location, and skill. These folks are...

Continue Reading
Navigating Gas-to-AI Power: Challenges & Opportunities

Updated Category News Views 19

Natural Gas Abundance Meets Conversion Hurdles It’s a wild scene when you've got oodles of natural gas but struggle to get it into AI data centers. That’s the picture today: U.S. gas production hitting a high of 137 billion cubic feet daily, while converting that gas into practical energy is the real challenge. You see, the gas market is ready to rumble, ticking...

Continue Reading
Aktia Bank: Steady Ratings, Focused Expansion in Europe

Updated Category News Views 67

Aktia's Ratings Get a Boost In the world of financial minutiae, it was S&P Global Ratings that took the stage, buzzing about Aktia Bank Plc. The bank just had its ratings held steady with an outlook lift from negative to stable. That's like someone throwing you a life jacket when you're treading water; significant if you're trying to stay afloat, not so much if you've got...

Continue Reading
Fed Holds Steady, But CD Rates Climb: Savers' Edge

Updated Category News Views 37

The Fed Sits Tight, But CD Rates Surge Isn't it a kicker when the Fed holds rates steady, yet the CD market is buzzing like a crowded trading floor on a bull run? We've seen the Federal Reserve hold its ground without budging interest rates, keeping everyone guessing while inflation's still a shadow in the corner. But the star of the show here isn't the Fed's poker...

Continue Reading
Rothera's KPI Swap Approval: A Financial Game Changer

Updated Category News Views 107

Revolutionizing Risk Management with KPI Swaps Boy, if there's one thing that gets my ticker going, it's the buzz of innovation in financial markets. Rothera just landed a CFTC stamp of approval for something that's about to shake up how institutional traders manage risk: Key Performance Indicator (KPI) swaps. And can you believe it? This isn't just another derivative...

Continue Reading

Top 5 Most Recently Viewed Articles

Kenmare Resources Shares Insights on WCP A Project Progress

Updated Category News Views 200

Kenmare Resources Offers Insights on Wet Concentrator Plant A Kenmare Resources plc, a prominent player in the global titanium minerals and zircon market, recently provided important updates on its Wet Concentrator Plant A upgrade project. This facility plays a critical role in the company’s operational excellence and future growth. Progress on the Upgrades Under the...

Continue Reading
Aging at Home: The Real Costs and Obstacles Ahead

Updated Category News Views 38

Facing the Realities of Aging In Place Alright, let's talk straight. Everyone dreams of staying home in their twilight years, kicking back in their favorite chair with family nearby. But the harsh truth? That comfort comes with a price tag. According to Northwestern Mutual's 2026 Planning & Progress Study, up to 83% of Boomers+ and most other generations fancy the idea of...

Continue Reading
Evaluating Health Stocks: UnitedHealth, CVS, and Cigna's Resilience

Updated Category News Views 225

Introduction: A Closer Look at Health Stocks The Federal Trade Commission (FTC) is currently examining the pharmacy benefit managers (PBMs) of leading companies like UnitedHealth Group Inc (NYSE: UNH), CVS Health Corp (NYSE: CVS), and Cigna Group (NYSE: CI). This scrutiny raises questions for investors about which of these healthcare giants can weather the impending...

Continue Reading
HUB24 Reports Record Inflows, Shares See Significant Surge

Updated Category News Views 274

HUB24 Reports Major Quarterly Growth The wealth management platform HUB24 Ltd (ASX: HUB) has made headlines recently, witnessing a significant surge in its share price. The increase came after the company shared impressive quarterly net inflows, alongside revealing ambitious strategic plans. Record Quarterly Net Inflows HUB24 announced that it achieved record platform net...

Continue Reading
Gabelli Global Trust Announces Ongoing Monthly Distributions

Updated Category News Views 116

Gabelli Global Utility & Income Trust Sustains Monthly Cash Distributions The Gabelli Global Utility & Income Trust (NYSE American: GLU) has reiterated its commitment to providing consistent monthly distributions to its shareholders. This initiative underscores the Trust's ongoing strategy aimed at delivering robust financial returns while focusing on tax-advantaged...

Continue Reading