With 77% of CARES Act funds remaining, DoD well positioned to support defence industry

5 June 2020 (Last Updated June 5th, 2020 16:57)

According to GlobalData associate analyst Harry Boneham, 'the Department of Defense (DoD) possesses the financial means to continue to support the US defence industry through an enduring crisis.'

Approximately 77% of the funds allocated within the Coronavirus Aid, Relief and Security (CARES) Act are outstanding, meaning that the DoD remains well positioned to protect the defence industrial base from the economic impact of the pandemic.

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