Aerospace Industry: Contracts

Ministry of Defence written question – answered on 24th April 2020.

Alert me about debates like this

Photo of Stephen Morgan Stephen Morgan Shadow Minister (Defence) (Armed Forces and Defence Procurement), Shadow Minister (Defence)

To ask the Secretary of State for Defence, what steps his Department is taking to ensure that payments made to companies that have aerospace contracts with that Department are timely.

Photo of Jeremy Quin Jeremy Quin The Minister of State, Ministry of Defence

The Ministry of Defence (MOD) is alert to the financial challenges that the Covid-19 outbreak is placing on all our suppliers, including those in the aerospace industry. In line with our usual payment policies, we are ensuring that outstanding invoices are paid promptly and are also encouraging primes and mid-tier suppliers to pay invoices as quickly as possible to their sub-tiers.

In addition, the MOD is enacting the Government Procurement Policy Note 02/20 published in March 2020, which sets out information and guidance for public bodies on paying suppliers to ensure service continuity during and after the Covid-19 outbreak. That includes ensuring that suppliers at risk will continue to be paid as normal and consideration of interim payments will be made where appropriate.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.