Arlington, Va. (April 10, 2023) – The Aerospace Industries Association (AIA) President and CEO Eric Fanning today issued the following statement on the Department of Defense’s (DOD) just-released contract finance study:
“With all the challenges industry has been facing recently — from inflation to supply chain disruptions to extraordinary demand — the Aerospace Industries Association welcomes the Department of Defense’s focus on how it does business with its industry partners. Cash flow drives our companies’ investments in talent and innovation and is the lifeblood of small businesses and specialized suppliers that support both military and civil aviation manufacturing. We are initially encouraged by the report’s recommendations for incentives for strong contract performance and improved training for DOD’s acquisition workforce, and we will continue to work with DOD leaders and Congress to improve our nation’s ability to put the very best capabilities into the hands of our warfighters.”
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