Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Lockheed Martin reports $51 million in gains from Ventures fund
Lockheed Martin said in its most recent quarter it recognized $51 million in unrealized, after-tax gains from investments in its Lockheed Martin Ventures fund.
GOP lawmakers push Biden administration to restrict sales of chip-making software to China
Two Republican lawmakers are urging the Commerce Department to enact tighter restrictions on the sale of key computer chip design equipment to Chinese companies.
Carrier industrial base calls for continued carrier block buys, consistent refueling funding
A coalition of aircraft carrier industrial base companies is meeting with members of Congress this week to lobby for continued block buys of aircraft carriers and consistent funding for carriers' refueling and complex overhauls.
Sierra Nevada withdraws GAO protest of Air Force's CRH upgrade contract
Sierra Nevada has withdrawn a Feb. 22 protest with the Government Accountability Office against an Air Force solicitation for a nearly $1 billion HH-60W Combat Rescue Helicopter upgrades contract.
L3Harris and American Rheinmetall to team on Army's OMFV program
L3Harris Technologies and American Rheinmetall Vehicles said they have signed a teaming agreement to jointly develop the Army's new Optionally Manned Fighting Vehicle, set to replace the Bradley Infantry Fighting Vehicle.
Parsons taps Smith as next CEO
Parsons said Carey Smith will become chief executive on July 1.
Peraton adds Evanina to board
Peraton said it has named Bill Evanina, the former director of the National Counterintelligence and Security Center, to its advisory board.
Former Pentagon acquisition chief joins AAR board
Aviation services company AAR said it has named former Pentagon acquisition chief Ellen Lord to its board of directors, effective immediately.
Anduril hires SAIC executive
Anduril Industries said it has named Scott Goldstein head of advanced projects.
The week ahead
Senior defense officials are scheduled to speak at several congressional hearings this week, while defense company executives discuss quarterly earnings.
Pentagon accelerating 'zero trust' cybersecurity work in response to SolarWinds, Exchange hacks
The Defense Department is accelerating its adoption of a "zero trust" cybersecurity architecture, including through the potential creation of a new portfolio management office, as officials say recent hacking campaigns show U.S. adversaries are becoming more sophisticated in cyberspace.
Navy, Congress and industry look to challenges and opportunities of unmanned systems
As the Navy moves forward with its new unmanned plan, members of Congress and industry executives are pressing for more details about how the technology will be used as well as how the service plans to manage intellectual property and requirements concerns.
DOD officials preview 'innovation steering group' action on rapid tech adoption
Top Defense Department research officials told lawmakers the Pentagon's newly formed innovation steering group is studying internal changes DOD can make to accelerate technology adoption and reduce barriers to working with the department.