Lockheed Martin (LMT +0.8%) says it will pay an additional $300M to suppliers hurt by the sharp economic slowdown caused by the COVID-19 pandemic.

The company already has provided $450M in payments to suppliers.

Lockheed says it has hired more than 3,400 new employees in the U.S. since the pandemic began and remains on track with plans to hire 12K new employees by the end of the year.

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