Tag Archives: defense industrial base

Jerry McGinn: Reshoring Critical US Industrial Capabilities Needs Little Help From Allies

Jerry McGinn GovCon Expert

Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business and GovCon Expert for Executive Mosaic, wrote in a commentary published Tuesday on Defense News that the U.S. should reshore critical industrial capabilities by building domestic capacity and working with close partners and allies.

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James Taiclet: Lockheed’s Accelerated DoD Progress Payments to Suppliers Hit $1.1B

James Taiclet President and CEO Lockheed Martin

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company has accelerated more than $1.1B in progress payments it has received from the Department of Defense to its suppliers to support the defense industrial base and national security efforts during the COVID-19 pandemic.

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DoD to Use $688M in CARES Act Funds to Support Aircraft Propulsion, Shipbuilding Industries

The Department of Defense plans to use $688M in funds under the Coronavirus Aid, Relief and Economic Security Act to address the financial impacts of the COVID-19 pandemic on the defense industrial base and promote local job creation efforts, Defense News reported Tuesday.

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Lockheed Reports Accelerated Progress Payments to Defense Suppliers

Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states.

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Ellen Lord: Treasury Consults With DoD on Possible Eligibility Expansion for $17B Loan Program

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.

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Robert Kolasky: CISA to Incorporate CMMC Aspects Into Supply Chain Guidance

robert-kolasky-cisa-to-incorporate-cmmc-aspects-into-supply-chain-guidance

Robert “Bob” Kolasky, an official at the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, said a CISA task force will issue “supply chain essentials” guidance that integrates aspects of the Department of Defense’s Cybersecurity Maturity Model Certification program, Nextgov reported Thursday.

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Ellen Lord: Pentagon Anticipates Three-Month Delay Across Major Acquisition Programs

ellen-lord-pentagon-anticipates-three-month-delay-across-major-acquisition-programs

Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said DoD expects to see contract delays of up to three months across Major Defense Acquisition Programs as contractors deal with challenges in the supply chain due to the coronavirus pandemic, the Washington Business Journal reported Monday.

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