Geurts directs Navy contracting officers to increase cash flow in response to COVID-19

By Justin Katz / March 23, 2020 at 12:31 PM
The Navy's acquisition executive is ordering contracting officers to take steps to increase cash flow to contractors and their supply chains in response to the coronavirus pandemic, according to a memo obtained by Inside Defense . "Given the national security declaration by the president, it is imperative we keep the nation's, and the Navy's, defense industrial base from going into extremis during the current COVID-19 crisis," Hondo Geurts wrote in a March 20 memo to the systems command chiefs and...

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.