DOD looks to improve cash flow to suppliers and subcontractors

By Tony Bertuca / July 17, 2023 at 4:06 PM
The Pentagon is seeking public input for how it could potentially accelerate payments to defense suppliers and subcontractors following the release of a comprehensive contract finance study. The study, the first of its kind since 1985, was published in April and found that, while the defense industry is generally healthy, the supply base and lower-tier contractors “generally do not receive favorable cash flow benefits as consistently or to the same extent enjoyed by defense prime contractors,” according to a notice...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.