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Lockheed Martin Further Accelerating Supplier Payments

Lockheed Martin Further Accelerating Supplier Payments
Lockheed Martin Chairman, President and CEO Marillyn Hewson. Photo: Lockheed Martin

Continuing its efforts to maintain a healthy supply chain, for the third week in a row Lockheed Martin [LMT] has accelerated payments to its subcontractor base to help it cope with the COVID-19 pandemic. On Thursday the company said it has accelerated $50 million in payments to its suppliers, bringing to $156 million in accelerated payments from its own cash reserves to the companies that provide parts and services for its various programs. On top of its own payments, Lockheed…

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