Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Boeing announces revenue charges, layoffs
Boeing has announced a recent work stoppage will negatively affect its quarterly earnings on both the defense and commercial aircraft sides. In addition, the company announced a 10% workforce reduction.
DOD reveals parameters to establish CMMC program in final rule
The Pentagon has unveiled its plans to launch the Cybersecurity Maturity Model Certification through a final rule published today laying out key definitions, applicability for contractors and parameters for the assessment process.
Pentagon finalizes CMMC program rulemaking to formally launch certification initiative
The Defense Department has released the final rule to formally establish the Cybersecurity Maturity Model Certification program, marking a major step forward in the Pentagon's work to launch version 2.0 of the initiative nearly three years after an internal review.
Hanwha eyes module production work at newly acquired Philly Shipyard
South Korean defense giant Hanwha aims to take on module fabrication work for Navy ship and submarine programs as it begins operations at its recently acquired Philly Shipyard, according to the head of the company’s U.S. defense business.
Microelectronics Commons projects begin receiving inaugural funds
The Microelectronics Commons initiative has released a comprehensive list of the 33 semiconductor technology projects that have been chosen to receive the program's first round of funding.
The week ahead
Senior Army officials speak at a major industry conference this week.
Modernization plans squeezed by rising personnel costs; Army faces 'really hard choices'
The Army's current modernization plan is being squeezed by rising personnel costs and will force "really hard choices" -- possibly foiling a once-in-a-generation blueprint to retool the force for modern combat -- if the service doesn't receive an increased budget topline that reflects real growth above inflation, according to the Army secretary.
Airborne jamming tech designed to be expendable and degrade enemy air defenses
European arms builder Leonardo has unveiled a new airborne jamming capability -- called BriteStorm -- designed to be carried by uncrewed aircraft, including on systems deemed disposable, to thwart advanced integrated air defense systems and support operations deep within adversary territory.