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

Watchdog wants DOD to make TransDigm repay more 'excess profit'

The Defense Department inspector general recommends the Pentagon seek at least a $20.8 million refund from TransDigm Inc., stating in a recent report that the company took the money as "excess profit" on 150 contracts.

With Platform One resell agreement comes 'a new model for how government does business'

Leveraging "a new model for how government does business," Platform One officials are hoping their recent agreement allowing six companies to resell two products core to the Air Force's software development effort will bolster availability, spur more DevSecOps environments and help inform whether and how other services are commercialized in the future.

Lawmakers look to workforce development to strengthen defense industrial base

SIMI VALLEY, CA -- A lawmaker on the House Armed Services Committee is urging the development of a collaborative initiative focused on workforce development to strengthen U.S. manufacturing.

Controversial 'Buy American' provision removed from final defense policy bill

Lawmakers have agreed to drop a provision from the final fiscal year 2022 defense authorization bill that would have steadily increased the Pentagon's domestic sourcing requirements for materials used in its major defense acquisition programs.

The week ahead

The Senate returns to Washington this week to vote on a final defense authorization bill. Meanwhile, senior defense officials are slated to speak at several events.

DOD vetting 2021 capability gaps; FY-23 POM funds two new experimentation 'sprints' annually

SIMI VALLEY, CA -- Pentagon leaders are vetting combatant command high-priority, 2021 capability shortfalls as part of an annual plea for new -- and sometimes novel -- technology to address gaps in the current weapons inventory that put at risk their respective war plans.

DOD contemplating revised spending plan that strips nearly $40 billion from FY-22 expectation

SIMI VALLEY, CA -- Political dysfunction in Congress is driving Pentagon leaders to contemplate a major internal budget drill to craft a second, parallel plan for fiscal year 2022 that would wring nearly $40 billion from expected spending plans and prepare for major setbacks across the weapon system modernization portfolio.