Author: Jane Edwards|| Date Published: May 1, 2020
Ellen Lord
Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security Act and Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said the Treasury Department is working with DoD as it considers how to expand the eligibility requirements for such loans, Defense News reported Thursday.
“So I’m hoping that early next week, between the Treasury Department and the Department of Defense, we can come back with a little bit more fidelity to the defense industrial base to better identify who might most benefit from this particular money,” Lord said Thursday at a Pentagon news conference.
The Treasury is requiring publicly traded defense contractors and other national security firms applying for the $17B loan program under the CARES Act to offer equity stakes and other “appropriate financial instruments.”
“It may not be as interesting as for private companies, so that’s one of the differentiators I see,” Lord said of the requirement.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
