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

Booz Allen makes strategic investment in Latent AI

Booz Allen Hamilton said it has invested in artificial intelligence and machine learning company Latent AI, marking the contractor's first tech scouting investment.

SAIC taps former DOD officials for new advisory board

Science Applications International Corp. said it has formed a strategic advisory board "who will bring comprehensive expertise from both industry and the public sector and provide advice and guidance to facilitate growth and innovation at SAIC."

Roper: Military can help Volansi 'de-risk' its technology

Will Roper, the former Air Force acquisition chief who is now chief executive of commercial drone company Volansi, told Inside Defense working with the military is a way for the company to advance its technology.

AWS agrees with JEDI Cloud cancellation

Amazon Web Services said it agrees with the Defense Department's decision to cancel the multibillion-dollar Joint Enterprise Defense Infrastructure Cloud contract, and the company added it will continue to support DOD’s efforts

Drone company names Roper CEO

Commercial drone company Volansi said it has named former Air Force acquisition chief Will Roper chief executive.

KBR adds Stewart to board

KBR said it has named retired Marine Corps Lt. Gen. Vincent Stewart to its board of directors.

The week ahead

House appropriators will debate the fiscal year 2022 defense spending bill this week. Meanwhile, senior defense officials will testify on Capitol Hill and participate in a conference on joint all-domain warfare.

Warren lifts holds on Kendall and Shyu over ethics agreements

Sen. Elizabeth Warren (D-MA), a longtime critic of the close relationships between government officials and defense contractors, has lifted holds she previously placed on the nominations of Frank Kendall to be Air Force secretary and Heidi Shyu to be the Pentagon’s technology chief after successfully getting the nominees to extend their government ethics pledges.

Biden's pick for Pentagon acquisition chief in 'limbo'

The nomination of Michael Brown to be the Pentagon's next acquisition chief appears to have stalled in the Senate amid an ongoing investigation.

DOD watchdog says mismanaged additive manufacturing increased cyber risks

The Defense Department has not consistently secured or managed its additive manufacturing systems or design data, increasing cybersecurity risks and potentially allowing adversaries to steal design technology, according to a recent DOD inspector general's report.