Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
GM Defense hopes to grow further after it won its first major Army contract in June, Jeff Ryder, the company's vice president for growth and strategy, said during an interview with Inside Defense earlier this month.
Huntington Ingalls Industries said it has acquired the autonomy business of Spatial Integrated Systems to further expand its unmanned systems capabilities.
Lockheed Martin said Michele Evans, who led the company's aeronautics business, died yesterday.
Vectrus said it has acquired Springfield, VA-based HHB Systems, which specializes in facilities management, logistics, engineering, and asset management for intelligence agencies.
Vectrus said it has agreed to acquire Herndon, VA-based Zenetex, which specializes in mission readiness, performance and enhanced protection for defense and national security, in a $112 million deal.
The Government Accountability Office said 2,149 protests were filed in fiscal year 2020, down about 2% from the prior year.
The Government Accountability Office dismissed Raytheon's most recent protest of a Space Development Agency contract for wide-field-of-view satellites.
Elbit Systems of America has agreed to acquire Sparton from an affiliate of private-equity firm Cerberus Capital Management for $380 million.
The Pentagon and Congress have yet to fully reckon with the costs the COVID-19 pandemic may have imposed on the U.S. defense industrial base, including the roughly $11 billion defense officials tell lawmakers is needed to rectify the situation.
In the coming year, the Biden administration is likely to face multiple defense-related challenges and complications, particularly as it grapples with the COVID-19 pandemic and its effect on the economy.