""The government shutdown is clearly the challenge. It's disappointing where we are, and we need Congress to get together and resolve this situation,""
""There's clearly an incongruency within the government. The DoW [Department of War] wants to go fast,""
""They meet with us all the time, [telling us] we've got to go quicker, and then Congress can't fund the DoW. So we're kind of stuck between those two situations.""
""Then we'll have a busy December to catch up on everything.""
Government funding expired Oct. 1 and the shutdown has reached a month without denting third-quarter defense earnings because funding lapsed after the quarter closed. Defense CEOs report no immediate financial hits but warn that a prolonged shutdown will delay contract awards and could reduce projected revenue for the year. L3Harris reports impacts to cash collection and timing of awards and says programs such as the Space Development Agency Tranche 3 tracking system and the Missile Defense Agency hypersonic and ballistic tracking sensor need the government to reopen. Companies expect to catch up if funding resumes soon and have baked some delays into future guidance.
Read at Breaking Defense
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