Pentagon Comes to Defense of Contractors Amid Coronavirus Uncertainty
The Pentagon has declared defense contractor employees to be "essential critical infrastructure workforce," clearing the way to allow contractors to keep operations running in areas that have shut down to battle the COVID-19 coronavirus pandemic.
Defense contractors have been hit along with the broader markets in recent weeks as the impact of the novel coronavirus has rippled through the economy. The SPADE Defense Index, a gauge of U.S. commercial aerospace and defense stocks, is down 41% in the last month.
Image source: Getty Images.
Source Fool.com
