#Lockheed paid suppliers $1.1 billion, added 8,300 jobs since pandemic
[...] with plans to hire 3,200 more before the end of the year. The hires mark a contrast with the rest of the U.S. economy, which saw the unemployment rate hit 13 percent this month and began a recession in February.
“In this volatile environment, it is more important than ever before to maintain the operations of the defense industrial base and support our men and women in uniform,” Lockheed’s new president and CEO, Jim Taiclet, said in a statement.
This wasn’t the only good news for the sector this week. Ellen Lord, the undersecretary of defense for acquisition and sustainment, said at a Monday news conference that nearly all of the defense firms closed by the pandemic have reopened.