New Pentagon memo increases progress payment rates in response to COVID-19 outbreak

March 20, 2020 at 8:28 PM
In a memo signed today, the Defense Department says it is immediately increasing progress payment rates to respond to the coronavirus outbreak. The memo , signed by Kim Herrington, the acting principal director of defense pricing and contracting, was sent to the heads of U.S. Cyber Command, U.S. Special Operations Command and U.S. Transportation Command as well as top procurement officials at the services and the directors of defense agencies and defense field activities. "Effective immediately, in response to the...

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