Sunday, 14 June_US military’s top weapons buyer has warned Congress to either come up with “double-digit billions of dollars" to reimburse arms contractors for their costs related to the COVID-19 pandemic or face the danger of a degradation in the country’s military readiness.
The US Defense Department’s Undersecretary for Acquisition and Sustainment Ellen Lord said at a House of Representative’s Armed Services Committee hearing that the $688 million to assist military contractors and subcontractors in the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act was nowhere near enough.
According to a Friday report by the US-based Military.com news outlet, Lord further pointed to one unnamed prime military contractor that estimated its coronavirus-related costs at more than $1 billion, calling on the Congress to consider passing a supplemental bill to provide further funds to assist the country’s Defense Industrial Base.
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