Coronavirus company news summary

14 April 2020 (Last Updated April 14th, 2020 14:13)

14 April

Israel-based Elbit Systems has initiated its business continuity plan and a series of cost control measures as the coronavirus pandemic continues to spread. The company is working on looking for alternative ways to meet customers’ requirements such as chartering dedicated freighter aircraft for product deliveries. It is focused on maintaining stable supply chain with adequate critical components inventory. Elbit also noted that some of its business units operations are being disrupted by the pandemic.

CPI Aerostructures has qualified for the Payroll Protection Program (PPP) under the new Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $4.8m loan was obtained from BNB Bank and will help the business to manage the operational disruption caused by the pandemic. The funding will help the company maintain its workers. CPI Aero is continuing to operate without layoffs or furloughs. It is also seeing increase in demand for its solutions from national security customers.

Non-profit organisation Advanced Technology International (ATI) has expressed support to the US Department of Defense’s (DoD) Joint Acquisition Task Force (JATF) search for critical medical supplies capability. The initiative comes at a time when the coronavirus pandemic is causing significant strain on hospital supplies. Manufacturers and supplies are being invited to take part in a survey to help the government understand their capacity to provide swabs, PPE, ventilators, and testing supplies. With this, the government aims to replenish essential sources.

PAE has been contracted to help set up a medical facility in the Georgia World Congress Center in Atlanta. The 200-bed facility will serve as an Alternative Care Site to provide treatment for COVID-19 patients. PAE will partner with AMI to provide operations, maintenance and logistical support, as well as medical services to accept and treat patients. The additional medical capability and support services are dedicated to protecting the health of Georgia residents affected by the pandemic.