Tag: defense industrial base

Lockheed Expedites $500M in Weekly Supplier Payments in AugustNews

Lockheed Expedites $500M in Weekly Supplier Payments in August

Lockheed Martin (NYSE: LMT) is working to accelerate up to $500M in supplier payments as part of the company’s efforts…
James Taiclet: Lockheed’s Accelerated DoD Progress Payments to Suppliers Hit $1.1BNews

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

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company has accelerated more than $1.1B in progress…
DoD to Use $688M in CARES Act Funds to Support Aircraft Propulsion, Shipbuilding IndustriesNews

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…
Lockheed Distributes Additional $300M to Help Subcontractors Weather COVID-19 ImpactContract Awards

Lockheed Distributes Additional $300M to Help Subcontractors Weather COVID-19 Impact

Lockheed Martin (NYSE: LMT) has paid an additional $300M to its suppliers one week after accelerating $450M in supply chain payments…
Lockheed Reports Accelerated Progress Payments to Defense SuppliersContract Awards

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

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

Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security…
Robert Kolasky: CISA to Incorporate CMMC Aspects Into Supply Chain GuidanceNews

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…
Ellen Lord: Pentagon Anticipates Three-Month Delay Across Major Acquisition ProgramsContract Awards

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…
Boeing, USAF Reach Agreement on KC-46A Remote Vision System Design; Leanne Caret QuotedNews

Boeing, USAF Reach Agreement on KC-46A Remote Vision System Design; Leanne Caret Quoted

Boeing (NYSE: BA) and the U.S. Air Force on Thursday signed a memorandum of agreement to implement a final remote…
Aerospace Defense Firms Launch Measures to Avoid COVID-19 Spread; Ellen Lord QuotedNews

Aerospace Defense Firms Launch Measures to Avoid COVID-19 Spread; Ellen Lord Quoted

Boeing (NYSE: BA), Textron’s (NYSE: TXT) Bell subsidiary and other aerospace defense manufacturers have increased cleaning efforts and implemented telework…