Defense Business Briefing -- July 31, 2018

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

This week's top story

Lord: Industrial base report addresses supply chain 'fragility,' looks at dependence on single sources

The defense industrial base report, which is at the White House, focuses on the defense supply chain down to "the granular level," according to the Pentagon acquisition chief.

News & notes

Harris reports sales, profit gains

Harris said today sales during its most recent quarter reached $1.7 billion, up 8 percent from the same three-month period a year earlier. The company's chief executive called it the highest revenue growth in the last seven years.

Booz Allen, KBR's government group report improved sales, profit

Booz Allen Hamilton said sales during its most recent quarter hit $1.6 billion, up 8 percent from the same three-month period a year earlier.

Rockwell Collins reports sales boost in government systems

Rockwell Collins said its government systems unit recorded a 13 percent sales boost in its most recent quarter.

L3, Raytheon report sales increases, while Leidos sees decline

Some of the largest defense contractors reported sales boosts in their most recent quarters.

Buoyed by acquisitions, General Dynamics and Northrop Grumman report sales boosts

General Dynamics and Northrop Grumman, with new acquisitions under their belts, reported sales increases during their most recent quarters.

Boeing reports $334 million in KC-46 cost growth

Boeing has taken another hit on the KC-46 tanker development program, announcing $334 million in after-tax cost growth during its second-quarter earnings report.

Lockheed Martin reports sales, profit boosts

Lockheed Martin reported sales in its most recent quarter reached $13.4 billion, up from $12.6 billion in the same three-month period a year earlier.

3M settles with DOJ over dual-ended combat arms earplugs

The Justice Department said 3M has agreed to pay $9.1 million to resolve allegations it knowingly sold defective dual-ended combat arms earplugs to the U.S. military.

HDT Global acquires Spec Ops

HDT Global said it has acquired the business and assets of Spec Ops, which makes and integrates C4ISR platform systems for use by military, emergency management, intelligence, security, first responder and civil preparedness organizations.

Hitachi Vantara to acquire REAN Cloud

Hitachi subsidiary Hitachi Vantara said it is set to acquire REAN Cloud, which earlier this year won a high-profile and controversial deal from the Pentagon for cloud services.

Appointments & promotions

MITRE hires Powner

The MITRE Corp. said it has named David Powner director of strategic engagement and partnerships.

What's happening

The week ahead

Defense contractors continue to report quarterly earnings this week, while the Association of the United States Army hosts a daylong event on cyberspace.

For Inside Defense subscribers

Pentagon issues 'do not buy' software list aimed at China-, Russia-linked firms

The Pentagon has issued a "do not buy" list of software to its acquisition workforce with the goal of ensuring no software linked to Russia or China is used in Defense Department systems and the defense supply chain.

Defense policy bill directs DOD to review 'second bite at the apple' bid protests

The new defense policy bill authored by House and Senate lawmakers directs the Pentagon to study contract award bid protests that have been filed with both the Government Accountability Office and the U.S. Court of Federal Claims.

Air Force creating new rapid sustainment office

Air Force Secretary Heather Wilson announced the service will stand up a new rapid sustainment office to encourage the use of advanced manufacturing techniques to reduce costs and speed up time lines.