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

Contracting attorney: Incentives critical to stakeholder investment in CMMC amid lengthy rulemaking process

With two rulemakings expected at the end of 2022 to formally kick off the Defense Department's Cybersecurity Maturity Model Certification program, contracting attorney Robert Metzger says the development of incentives to encourage military contractors to invest now in CMMC preparation is critical but the process is complicated.

AE Industrial Partners buys Brighton Cromwell, Crestwood Technology Group

Private-equity firm AE Industrial Partners said its portfolio company Triman Industries has acquired Brighton Cromwell and Crestwood Technology Group.

Industry eagerly eyes upcoming USAF combat drone programs

Companies involved in the Air Force's autonomous aircraft teaming endeavor are welcoming efforts to include two classified drone programs involving bombers and fighters in the upcoming budget request, with one industry official saying the move reflects the service's acknowledgment that it now has the tools "ready to start answering these needs."

Senior Senate defense committee staffer joins NDIA

Arun Seraphin, a professional staff member with the Senate Armed Services Committee who has influenced some of the most significant defense acquisition reform measures of the past 20 years, is leaving government to become deputy director of the National Defense Industrial Association's Emerging Technologies Institute.

Robertson joins Raytheon Intelligence & Space

Raytheon Intelligence & Space announced Kristin Robertson will become president of the Space & C2 strategic business unit.

Iyengar joins Oshkosh

Oshkosh Corp. announced Jay Iyengar has joined the company as executive vice president and chief technology and strategic sourcing officer.

The week ahead

Senior defense officials are scheduled to participate in several events around the Washington area this week, including the Surface Navy Association's annual symposium.

DOD required to conduct major review of $2 trillion weapons portfolio over next year

The Pentagon must conduct a new review over the next year that could reshape the U.S. military's $2 trillion roster of current weapon system acquisition projects by identifying programs for divestiture that are not keeping pace with emerging threats.

House appropriators to probe CR impacts at DOD

The House Appropriations defense subcommittee intends to hold a hearing to examine the impact of stopgap continuing resolutions on the Defense Department.

NDAA enactment starts countdown for new batch of cyber reports from DOD, DHS

President Biden's signature on the Fiscal Year 2022 National Defense Authorization Act starts the clock on cyber-related reports, strategies and pilot programs from the Pentagon and Department of Homeland Security on issues ranging from collaboration with the private sector to shoring up the security of industrial control systems, supply chains and state and local governments.