Defense Business Briefing -- Dec. 12, 2017

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

This week's top story

NDIA seeking to help contractors submit information to Pentagon industrial base study

The National Defense Industrial Association is working with its members to collect and anonymize their data to contribute to the Pentagon's ongoing industrial base review.

News & Notes

Industry concerned about Pentagon plan to 'lock in' one cloud services provider

Industry groups are sounding the alarm over the Pentagon's plan to select one cloud services provider for the entire Defense Department, arguing the strategy could lead to a costly and limiting situation of "cloud lock-in."

SAIC reports slight increases to sales, profit

Science Applications International Corp. says sales in its most recent quarter reached $1.1 billion, up 3 percent from the same three-month period a year earlier.

Raytheon establishes Raytheon Emirates

Raytheon says it has formed a new, wholly owned subsidiary headquartered in Abu Dhabi.

Northrop receives request for more information from FTC

Northrop Grumman says it has "received a request for additional information" from the Federal Trade Commission as part of the FTC's review of its planned acquisition of Orbital ATK.

Defense industry executives seek BCA repeal

In a new letter, dozens of executives from some of the largest contractors are calling on congressional leaders to repeal the Budget Control Act and provide budget stability.

AeroVironment boosts sales, profit

AeroVironment says sales during its most recent quarter reached nearly $74 million, up 47 percent from the same three-month period a year earlier.

Appointments & Promotions

Lockheed Martin names two to board

Lockheed Martin says its board of directors has elected Jeh Johnson and James Taiclet to join the board, effective Jan. 1.

NDIA hires Boozer

The National Defense Industrial Association has named retired Army Maj. Gen. Jim Boozer chief of staff.

What's happening

The week ahead

Military cooperation and missile defense with South Korea, pilots' physiological episodes, Army cyber ops along with a National Guard update are among the events scheduled for this week.

For Inside Defense subscribers

Sources: Section 232 steel report facing Defense Department objections

The Commerce Department's report on its Section 232 investigation into steel imports has been deemed insufficient due to Defense Department objections and other concerns, sources told Inside U.S. Trade, delaying its release and any action the president might take to shore up the U.S. industry.

Tax legislation generates concern over potential defense spending squeeze

With Congress poised to pass tax reform legislation that could grow the federal deficit, some analysts and experts say they expect defense spending to face new constraints.

New LMI chief says company is 'actively looking' for new acquisitions

Not-for-profit defense contractor LMI is shedding its international work and refocusing its attention on its procurement, logistics, sustainment and analytics capabilities, the organization's new chief executive says.

L3 executive says company has dozens of companies in acquisition pipeline

L3 Technologies, which completed several acquisitions this year, has more than two dozen companies under consideration as potential purchases, according to the company's next chief executive.