
Pentagon is increaseing interim payments to defense contractors to give them a financial boost as the coronavirus pandemic weakens the broader economy.
The payments to large contractors will increase from 80% to 90%, while payments to small contractors will increase from 90% to 95%.
Pentagon asserts that workers in the defense industry are deemed critical, while it is not a federal mandate, it could be used by state and local governments to keep working if necessary.
Beneficiaries includes Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC) and General Dynamics (NYSE:GD).
READ FULL ARTICLE HERE

