The military support package comes through the Ukraine Security Assistance Initiative (USAI), a Pentagon program for purchasing new military equipment.
In a press statement, the Pentagon announced this new round of support will provide funding for ammunition for Western-supplied High Mobility Artillery Rocket Systems (HIMARS). The funding package will also go toward purchases of additional unmanned aerial systems (UAS), and spare parts for artillery systems, tanks, and other armored vehicles.
The Pentagon said this latest funding package is the 22nd time President Joe Biden's administration has provided support to Ukraine through USAI.
"The United States will continue to work together with some 50 Allies and partners through the Ukraine Defense Contact Group and its associated capability coalitions to provide the support Ukraine needs to win the war," the Pentagon said.
The Pentagon announced the new funding package just days after the Biden administration announced a $725 million military aid package under the Presidential Drawdown Authority (PDA).
The PDA is a separate authority the Biden administration has used to support Ukraine throughout the war. Instead of providing funding, the PDA allows the president to supply foreign recipients directly with weapons pulled from U.S. stockpiles, with the PDA account covering the cost to replace those weapons that are leaving U.S. stockpiles.
President-elect Donald Trump, who is set to replace Biden, has indicated he prefers to negotiate for an end to the fighting, though the outline of a cease-fire deal remains to be seen. Questions remain around whether Trump would continue to flow weapons and funding to Ukraine while he also pushes for negotiations.
Even as the Biden administration is surging support, Ukrainian President Volodymyr Zelenskyy has indicated he's open to an end to the war.