Defense Business Briefing -- Feb. 13, 2024

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

This week's top story

F-35 engine upgrade program to run out of money in June without FY-24 budget

An ongoing engine modernization program for the F-35 Joint Strike Fighter will have to halt at the end of June if Congress isn't able to rectify a monthslong partisan divide over the fiscal year 2024 budget, Inside Defense has learned.

News & notes

Army canceling Future Attack Reconnaissance Aircraft program

The Army has announced it is canceling the multibillion-dollar Future Attack Reconnaissance Aircraft (FARA) program, one of the service's highly touted Future Vertical Lift programs, at the conclusion of prototyping activities this fiscal year.

Pentagon rejects industry request to extend comment period for CMMC proposed rule

The Defense Department is turning down a request from industry groups to extend the comment period for its long-awaited proposed rule to implement the Cybersecurity Maturity Model Certification program, according to a Pentagon spokesperson.

Pratt & Whitney reaches crucial digital design milestone for NGAP prototype

Pratt & Whitney has completed a crucial preliminary design review of its digital offering for the Air Force's secretive Next Generation Adaptive Propulsion prototype, according to an advance news release from the company.

Navy asks industry if it can quickly build new low-cost, standoff air-launched weapon

The Navy wants to develop a low-cost, air-launched standoff weapon that would be funded starting in fiscal year 2026 and fielded as early as 2027 and has notified industry partners it is open to an exchange of ideas.

Promotions & appointments

Mercury promotes Munro to be chief accounting officer

Mercury Systems today announced that Douglas Munro had been promoted to vice president and chief accounting officer.

What's happening

The week ahead

Senior defense officials are slated to speak at several events this week. The Air and Space Forces Association also hosts its annual air warfare conference in Colorado, while a key Navy conference takes place in San Diego, CA.

For Inside Defense subscribers

Senate passes $95B security supplemental after all-night vote

The Senate voted 70-29 to pass a $95.3 billion supplemental spending package that would provide military and humanitarian aid to Ukraine, Israel and Taiwan, with tens of billions intended for the U.S. defense industrial base.

Kendall announces details of restructuring for 'great power competition'

DENVER -- Air Force Secretary Frank Kendall's massive restructuring of the service to compete against potential adversaries, such as China, will include a new command for generating capability requirements, a new process for deploying combat wings and elevated offices for electronic warfare and nuclear systems.