L3Harris says it's accelerating more than $100M in payments to small suppliers

L3Harris Technologies said this week it is speeding more than $100 million in payments to small business suppliers across the country in the wake of the coronavirus outbreak.

"L3Harris this week began making accelerated payments to small businesses in 45 states that are part of its global supply chain," the company said. "The accelerated payments are part of L3Harris' overall efforts to support its employees, customers, suppliers and communities combatting COVID-19."

Additionally, L3Harris said it is giving $2 million and providing equipment and resources to groups focused on COVID-19 relief and recovery.

"The funds support initiatives globally, with special emphasis on regions where L3Harris has a significant presence," the contractor added. "The company also has donated thousands of protective suits and masks and made grants available to eligible employees impacted in the wake of COVID-19."