Lockheed Martin Pledges Funds for Supply Chain as Part of COVID-19 Relief Effort

Lockheed Martin (NYSE: LMT) said Friday morning that the company intends to advance more than $50 million to small- and mid-sized suppliers to ensure there are no disruptions in the defense contractor's supply chain.

CEO Marillyn Hewson said in a statement that while the company "will continue to protect the health and safety" of its employees and their families, Lockheed Martin intends to remain operational the best it can. That includes continuing planned recruiting and hiring efforts, even if it means doing so via virtual technology and other social distancing methods.

Lockheed Martin's F-22 Raptor and F-35 Lightning II flying together. Image source: Lockheed Martin.

Source Fool.com