Pentagon Boosts Up-Front Payments to Defense Companies

Pentagon
Credit: Defense Department
In response to the COVID-19 pandemic, the Pentagon is increasing the amount of up-front payments to contractors. It will pay up to 90% of billed work immediately for large contractors and 95% for small businesses, according to a March 20 memo from the office of the Under Secretary of Defense for...
Jen DiMascio

Based in Washington, Jen manages Aviation Week’s worldwide defense, space and security coverage.

Steve Trimble

Steve covers military aviation, missiles and space for the Aviation Week Network, based in Washington DC.

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