ESA Software Switch Creates $124M Contractor Payment Backlog

摘要

The European Space Agency (ESA) has run into problems as it changes its management software, resulting in a backlog of up to 100 million euros ($124 million) in unpaid legitimate bills from industrial contractors, ESA and European industry officials said.rnThe glitch, which ESA officials say should be resolved in a few months, has come at a particularly difficult time for small- and mid-size companies, where cashflow management presents challenges that do not confront larger contractors.