1 Day
Source:
The Boston Globe
Boston defense firm warns Pentagon dispute risks bankruptcy
A Boston-based defense supplier warns it may file for bankruptcy within two months due to the Pentagon’s decision to terminate a $1.2 billion contract early. The company, Noble Supply & Logistics, claims that contract revisions have left it with $72 million in inventory obligations and has filed a claim against the Defense Logistics Agency. The company is seeking clearer contract termination guidelines to protect small businesses from similar financial risks.
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