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Stars and Stripes - Businesses scramble to respond to delta variant and shifting guidance on masks, vaccines
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Defense Giants Renew Giving to Republican Election Objectors (1)
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By TONY CAPACCIO | Bloomberg | Published: May 10, 2021
Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. The Pentagon is sticking with a plan developed in the early days of the COVID-19 pandemic to speed progress payments to defense contractors, even as evidence mounts that major companies appear financially healthy and are stepping up stock buybacks. Under the accelerated payments plan, the Defense Department provided $4.6 billion to defense contractors as of March 31, department spokeswoman Jessica Maxwell said in a statement. About $2.4 billion of that total was paid to top contractors Lockheed Martin, Boeing, Raytheon Technologies, Northrop Grumman and the Lockheed-Boeing United Launch Alliance joint spacecraft venture, Maxwell said.