Sure, though I’m not sure what leagues we’re talking about.
> defense companies do get a lot of leverage based on their federal contracting lines
Circle back when they’re financing a $4tn of assets on $300bn equity and $2.4tn of ultra-short term liabilities [1].
> Defense contracts in general cannot be awarded to firms in bankruptcy or that have been in bankruptcy in the last 5-10 years
Is this in statute or a rule? Does the contract officer have any discretion?
> in a bankruptcy, anything can happen
Government contracts are decently protected in bankruptcy, e.g. via the Anti Assignment Act.
[1] https://finance.yahoo.com/quote/JPM/balance-sheet/
Sure, though I’m not sure what leagues we’re talking about.
> defense companies do get a lot of leverage based on their federal contracting lines
Circle back when they’re financing a $4tn of assets on $300bn equity and $2.4tn of ultra-short term liabilities [1].
> Defense contracts in general cannot be awarded to firms in bankruptcy or that have been in bankruptcy in the last 5-10 years
Is this in statute or a rule? Does the contract officer have any discretion?
> in a bankruptcy, anything can happen
Government contracts are decently protected in bankruptcy, e.g. via the Anti Assignment Act.
[1] https://finance.yahoo.com/quote/JPM/balance-sheet/