Defense contracting giants offer advance payments for local suppliers

Three big global defense contractors are fronting nearly half a billion dollars in payment to suppliers — including hundreds of companies in Florida — just to stabilize the supply chain disrupted by the Covid-19 pandemic.

L3Harris Technologies Inc. (NYSE: LHX), Lockheed Martin Corp. (NYSE: LMT) and Northrop Grumman Corp. (NYSE: NOC) — which each have a major Central Florida presence — are shelling out more than $400 million in advance payments to support their suppliers. Read more here