Insights
Insights

Insights:

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My Notes:

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Insights

Insights

Chaos, cash and COVID-19: How the defense industry survived — and thrived — during the pandemic

Covid-19: Virus impacts force US Navy schedule reassessments for carrier Kennedy and other programmes

Workers Sick With Omicron Add to Manufacturing Woes. ‘The Hope Was That 2022 Would Get Better.’

After 'searing' COVID shortfalls, House lawmakers eye foreign dependencies in defense supply chain

Aviation supply chain faces mounting strain as demand picks up

MANAGING COSTS IN TIMES OF COVID-19

Influence of COVID-19 on Manufacturing Industry and Corresponding Countermeasures from Supply Chain Perspective

Creating pathways for tomorrow’s workforce today

Census Bureau’s Small Business Pulse Survey Reveals Delays From Domestic, Foreign Suppliers

Chaos, cash and COVID-19: How the defense industry survived — and thrived — during the pandemic

Insights

Textron Aviation

furloughed 7,000 workers

⁠

on March 18

Overall, the Pentagon injected $4.6 billion into the defense-industrial base between the start of the pandemic and Jan. 31, 2021, according to Department of Defense spokeswoman Jessica Maxwell

According to department figures provided to Defense News, between June 2020 and February 2021, a monthly average of 40 programs experienced delays related to COVID-19, with a median impact of two months.

Of the 54 programs that had a delay and have now recovered, 20 were granted schedule relief. Most relief was for three or more months

For several weeks in March and April, Boeing halted work at its

Philadelphia, Pennsylvania,

⁠

and Seattle-area facilities, pausing production of the

KC-46 tanker, P-8 maritime aircraft

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, V-22 tilt-rotor aircraft, H-47 cargo helicopter and MH-139 helicopter.

Lockheed Martin

ultimately fell short

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of delivering 141 F-35 fighter jets in 2021, delivering only 120 planes after having to

decelerate its production line

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Small business suffered cash flow issues. On March 23, 2020, the Pentagon announced it was

increasing progress payment

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rates for defense items under contract from 80 percent of cost to 90 percent for large businesses, and from 90 percent to 95 percent for small businesses — essentially flooding cash into the industry by paying for more of a project upfront.

“When I talk to our small businesses, the true impacts are continuing to be felt. We won’t have assessed the true impacts until later ... when the cameras get turned off; attention’s not being paid,” said NDIA Senior Vice President for Policy Wesley Hallman. “Even a 13 percent shakeout in the defense-industrial base would be pretty large, especially because [NDIA’s research shows the] base is reliant on single producers in many cases.”

Link to Article

https://www.defensenews.com/industry/2021/03/15/chaos-cash-and-covid-19-how-the-defense-industry-survived-and-thrived-during-the-pandemic/

Notes

jake

mike

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Docs