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PoliticsPentagon Weighs Ending Speedy Payments to Contractors Started for the PandemicContractors got $6.7 billion in expedited funds through 2021Analyst questions need for fast funds amid share buybacksPentagon building in Washington, D.C.Source: AFP/Getty ImagesByAnthony Capaccio+FollowMarch 9, 2022, 7:00 AM UTCThe Pentagon is reviewing whether to end increased progress payments to defense contractors, a policy started two years ago to buffer the impact of Covid-19 on subcontractors. Under the program, $6.7 billion was expedited through December.A combined $5.3 billion has been paid to the biggest contractors: Lockheed Martin Corp., Boeing Co., Raytheon Technologies Corp., Northrop Grumman Corp. and General Dynamics Corp., Defense Department spokesperson Jessica Maxwell said in a statement.
