Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
NDIA launches Emerging Technologies Institute to provide analysis on innovation
The National Defense Industrial Association is unveiling its Emerging Technologies Institute, a new organization that will offer research and analysis to help Capitol Hill, the Pentagon and industry consider how to best incorporate cutting-edge advancements.
Booz Allen to acquire Liberty IT Solutions
Booz Allen Hamilton said it has agreed to acquire Liberty IT Solutions for $725 million to bolster its digital solutions work.
Peraton details new structure once Perspecta deal is complete
In a regulatory filing, Peraton says it is preparing to have nine business units once its planned acquisition of Perspecta is complete in the coming weeks.
Noblis acquires McKean Defense
Noblis said it has acquired McKean Defense as well as affiliates Mikros Systems and Cabrillo Technologies, expanding Noblis' defense work.
L3Harris says CEO transition set for June 29
L3Harris Technologies said the company is prepared for Bill Brown, its chief executive, to hand over the reins to Chris Kubasik, currently L3Harris' president and chief operating officer, on June 29.
Northrop reports improved sales, profit
Northrop Grumman said sales in its most recent quarter totaled $9.2 billion, up 6% from the same three-month period a year earlier.
Boeing reports sales growth in its defense business
Boeing said sales in the most recent quarter in its defense, space and security unit totaled $7.2 billion, up 19% from the same three-month period a year earlier.
General Dynamics chief predicts continued Army demand, whether from new efforts or upgrades
The chief executive of General Dynamics said the company is participating in the Army's new combat vehicle programs -- but sees its upgrade efforts as more near-term.
Judge denies motion to dismiss Amazon's complaint about Trump influence in JEDI cloud case
A federal judge has denied the government's motion to dismiss Amazon's allegation that former President Trump poisoned the competition for the Pentagon's major cloud contract, opening the door to the potential depositions of Trump and former high-ranking administration officials.
Sierra Nevada alleges USAF violated competition rules for $1B HH-60W contract
Sierra Nevada Corp. has filed a lawsuit against the Air Force in the U.S. Court of Federal Claims, alleging the service violated competition rules when deciding to award Sikorsky a nearly $1 billion sole-source contract to upgrade the HH-60W Combat Rescue Helicopter.
Leidos taps Cage to serve as next CFO
Leidos said it has named Christopher Cage chief financial officer, effective July 5.
CAE adds Thornberry to USA unit's board
Canadian company CAE said it has named former Rep. Mac Thornberry (R-TX) to the board of directors of its CAE USA business.
The week ahead
Senior defense officials are scheduled to appear on Capitol Hill this week and several defense companies are holding quarterly earnings calls.
CMMC accreditation body CEO plans to take closer look at code of ethics policy
Matthew Travis, CEO of the accreditation body for assessors under the Defense Department's Cybersecurity Maturity Model Certification program, says he plans to review the organization's code of ethics policy over the next few months and make changes to increase transparency over decision-making.
Hicks frames Pentagon budget strategy; Congress awaits details
Deputy Defense Secretary Kathleen Hicks said she finds it "fascinating" how many lawmakers have called the Pentagon's proposed $715 billion budget either too low or too high without knowing what is in it.