The Navy has infused $600 million into the shipbuilding industrial base during the coronavirus pandemic by reducing retainers and withholds, according to a senior service official. "So not only has that allowed us to put some cash into the system that can go all the way through the supply chain, it also points to some areas where we're reforming the way we're going forward on programs," Navy acquisition executive Hondo Geurts told reporters today during a telephone roundtable. The acquisition...
