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DoD Boosts Progress Payment Rates To Industry; Boeing To Pause Puget Sound Operations

Cal Biesecker By
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DoD Boosts Progress Payment Rates To Industry; Boeing To Pause Puget Sound Operations

The Defense Department on Sunday said that senior procurement officials are taking steps to maintain the health of the defense industrial base (DIB) amid the coronavirus pandemic, including increasing the rate of progress payments to large and small businesses and ensuring that invoices are paid quickly. The steps DoD is taking in support of the DIB were put forth in a memo last Friday from Kim Herrington, director of Defense Pricing and Contracting, who said due to the COVID-19 outbreak,…

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