Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Industry groups urge lawmakers to cut China-based semiconductor ban for federal contracts from defense policy bill
A coalition of industry groups is pushing for Senate Armed Services Committee leadership to drop an amendment from the fiscal year 2023 defense authorization bill that would extend the current ban on federal contractors using equipment and services from Huawei and ZTE to include three Chinese semiconductor companies.
Red Cat Holdings announced it has agreed to sell its consumer division to Unusual Machines for $18 million.
A coalition of industry groups is urging congressional leaders to remove a provision in the Senate version of the fiscal year 2023 defense authorization bill that would direct the Defense Department to require a Software Bill of Materials from defense contractors.
The Pentagon's chief technology officer is planning to hold a three-day event in the coming months to give industry "visibility" on military spending in artificial intelligence and autonomy as part of an effort to widen communications channels in "areas that have investment across the services."
The Aerospace Industries Association announced it has elected Spirit AeroSystems President and CEO Tom Gentile to serve as the organization's chairman of the board of governors for 2023.
Senior defense officials are scheduled to speak at several events this week.
As the Pentagon invests in new technologies to maintain a strategic advantage over its adversaries, the Navy is exploring quantum technology to potentially deliver new warfighting capabilities including quantum sensing, computing and network communications.
TOBYHANNA, PA -- Inside a vast warehouse on a plot of land that can trace its Army roots back over a century, computer servers whirr and hum at a volume that makes it difficult to carry on a conversation at regular volume.