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Air Force expects to declare F-35 IOC Aug. 2

Courtney Albon | July 27, 2016
The Air Force expects to declare initial operational capability for its variant of the F-35 Joint Strike Fighter next Tuesday, Aug. 2, multiple sources confirmed to Inside Defense.

Northrop CEO says company is 'tuning' technology services business

Marjorie Censer | July 27, 2016
Northrop Grumman is considering the best way to reshape its technology services business, seeking to move it away from providing commodity services, according to the contractor's chief executive.

Defense contractors report boosts in profit

Marjorie Censer | July 27, 2016
Some of the largest defense contractors said Wednesday that profits grew in their most recent quarter. Sales were largely flat, or slightly down.

Army revamps business strategy for near term

Courtney McBride | July 27, 2016
The Army has updated its approach to business, codifying the changes in a new document to govern the next five years.

Defense Business Alert

ManTech reports sales, profit boosts

ManTech International said today sales in its most recent quarter hit $401 million, up from $384 million in the same three-month period a year earlier.

Defense Budget Alert

Thornberry eyes Pentagon supplemental budget request

House Armed Services Chairman Mac Thornberry (R-TX) has yet to receive a formal request from the Pentagon on an expected supplemental budget request to finance the retention of U.S. troops in Afghanistan as well as additional operations in Iraq and Syria, but he believes the military is now conducting $6 billion worth of activities that were not part of the Obama administration's fiscal year 2017 request.