April 5, 2020

DoD Adjusts Cash Flow to Contractors in Response to Coronavirus

military raise

DoD will raise progress payments to improve cash flow to contractors as the coronavirus continues to impact the economy. Northrop Grumman and General Dynamics have already cautioned investors; Boeing has closed its Puget Sound plants; and CAE, GE, and Airbus, government contractors with large commercial exposure, are taking various aggressive actions to rein in costs and staunch losses.

F-35A Tests Triple Its Expected Lifetime

F-35

The F-35A airframe tests are expected to double the life expectancy of 8,000h, but tests are showing 24,000h of service life for the stealth fighters.