Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
IFS announced it has agreed to acquire Falkonry, a California-based artificial intelligence software company that provides automated, high-speed data analysis to the manufacturing and defense industries.
The Air Force is planning to release a "draft system requirements document for the KC-135 replacement aircraft system" later this month, according to a Sept. 1 notice.
HII's Ingalls Shipbuilding division has received a $154.8 million contract modification for the modernization of the Navy's lead Zumwalt-class destroyer, beginning the integration of the hypersonic Conventional Prompt Strike weapon system onto the ship, according to an Aug. 29 contract announcement.
The Army has awarded BAE Systems a $797 million contract for full-rate production of the Armored Multi-Purpose Vehicle, the company announced Friday. The total contract amount is worth up to $1.6 billion if additional options are exercised.
The Army has awarded RTX, formerly Raytheon Technologies, a $276.5 million contract modification for the procurement of Excalibur 155mm projectiles.
Senior defense officials are scheduled to speak at several events this week.
The United States -- which since the advent of flight more than a century ago has relied on two vast oceans as a buffer against adversaries attacking U.S. citizens and soil with low-flying aircraft and missiles -- this summer began designing a next-generation domestic air defense system to protect cities and critical infrastructure from Russian and Chinese cruise missiles.
The White House is asking Congress to avert a looming government shutdown by passing a stopgap continuing resolution that, among other things, would include authority for the Defense Department to spend money on the Columbia-class submarine program to avoid a 20-month delay, according to the Office of Management and Budget.