Defense Business Briefing -- May 19, 2020

Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.

This week's top story

Santos out as DOD industrial policy chief

Jen Santos is leaving her current position as the deputy assistant secretary of defense for industrial policy to take a new job with Hondo Guerts, assistant secretary of the Navy for research, development, and acquisition, according to a Pentagon statement.

News & notes

Raytheon CEO says company has pushed $450 million in accelerated progress payments to suppliers

Raytheon Technologies has flowed $450 million in accelerated progress payments from the Pentagon to suppliers over the last two months, according to the company's chief executive.

Lockheed CFO says HCSW termination is part of expected prioritization by military

The termination of the Hypersonic Conventional Strike Weapon program had “nothing to do with our performance” and instead illustrates how the military is starting to prioritize its hypersonic programs, Lockheed Martin's chief financial officer said today.

KBR says LOGCAP V transition work delayed -- but remaining protest to be resolved soon

The head of KBR's U.S. government solutions business said the company is expecting the remaining protest of the Logistics Civil Augmentation Program V to be resolved imminently and that transition work is already underway.

Vectrus CEO says company is working on LOGCAP V transition -- but COVID-19 may alter timeline

The chief executive of Vectrus said the company expects to have a "better understanding" of the transition timeline for the Logistics Civil Augmentation Program, or LOGCAP V, within two months after the coronavirus crisis has added new challenges.

Anduril opening new office in Seattle

Anduril Industries said it is opening a new office in Seattle and planning to hire engineers.

Maxar says coronavirus crisis reduced space infrastructure sales

Maxar Technologies said its space infrastructure business saw cost growth of $18 million in its most recent quarter as a result of the coronavirus outbreak.

Appointments & promotions

SAIC hires Helfenstein

Science Applications International Corp. said it has named Dee Dee Helfenstein chief strategic growth officer, effective immediately.

What's happening

The week ahead

Defense officials are scheduled to participate in a virtual conference this week, while one company hosts a quarterly earnings call.

For Inside Defense subscribers

Pentagon seeks automatic access to 'operationally critical' contractor networks following cyber incidents

The Pentagon is proposing changes to the law that would require "operationally critical" contractors to let Defense Department investigators access their unclassified information systems in the wake of a cyber incident.

DOD IG announces new COVID-19 oversight plan

The Defense Department inspector general released new plans to audit the Pentagon's response to the COVID-19 outbreak, including oversight of $10.6 billion Congress has authorized for DOD to focus on the pandemic.