Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Gilday: Industry needs to adapt faster to new technology to counter China
Chief of Naval Operations Adm. Michael Gilday called on industry to adjust to new technology faster to counter China during remarks at this week's Sea-Air-Space conference.
Oshkosh revenue jumps on JLTV, Pratt Miller
Oshkosh Defense's revenue and operating income grew by double digits in the most recent quarter, on the back of increased Joint Light Tactical Vehicle sales and the inclusion of Pratt Miller results, Oshkosh announced July 29.
General Dynamics chief predicts combat vehicle growth in Europe
Increasing demand in Europe could allow General Dynamics' combat vehicle business to grow in coming years, even if Army budgets remain flat, the company's chief executive said July 28.
Northrop expects next year's space growth to 'modulate' as GBSD continues to expand
Coming off a quarter that logged a 34% jump in space sales, driven in large part by Northrop Grumman's role in the Ground-Based Strategic Deterrent program, company officials anticipate that growth will "modulate" heading into 2022.
HII exec: Substantial investment needed to build three Virginia-class subs a year
The industrial base is not currently capable of building three Virginia-class submarines a year, according to a Huntington Ingalls Industries executive.
Shield AI acquires Martin UAV
Shield AI announced it has acquired Martin UAV, an aerospace company that makes the V-BAT unmanned aircraft.
Anduril announces new advisory board
Anduril Industries has announced the formation of a new advisory board that includes two retired senior military officers.
Anduril hires Boeing exec
Anduril Industries said it has hired Shane Arnott to be the company's chief engineer.
The week ahead
The Navy League's Sea-Air-Space Symposium takes place in person this week, along with a Senate confirmation hearing and more.
Huntington Ingalls exec: Remaining Ford elevators to be certified by April 2022
Shipbuilder Huntington Ingalls Industries plans on completing the testing, certification and turnover of the final four elevators for the first-in-class aircraft carrier Gerald Ford (CVN-78) by April 2022, according to a company executive.
CMMC accreditation body plans November start for first official assessor classes
The Cybersecurity Maturity Model Certification Accreditation Body is formalizing plans to launch the official program that will establish a pathway for assessors to become certified and expects classes to start in November, according to CMMC-AB training lead Melanie Kyle Gingrich.