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

Pentagon issues guidance to contract officers to assess COVID-19 costs and impacts

The Pentagon’s chief pricing official has issued new guidance to acquisition program managers on how to assess the costs and impacts of the COVID-19 outbreak on defense contractors, noting that additional funding has not yet been appropriated by Congress to reimburse companies for pandemic-related hardships or delays.

Newly formed company acquires SAIC's international development services portfolio

Former Engility chief executive Tony Smeraglinolo has established a new company, Sincerus Global Solutions, which has acquired the international development services portfolio of Science Applications International Corp.

Head of Jacobs' government business says KeyW acquisition has bolstered cyber work

About a year after Jacobs' acquisition of KeyW, a top Jacobs executive says the company's new cyber business unit is benefiting from KeyW's expertise.

MAG Aerospace names Veasey CFO

MAG Aerospace said it has named Nicholas Veasey chief financial officer.

The week ahead

Senior Pentagon officials are scheduled to speak publicly this week about the future of defense spending and the military's role in recent protests.

Senate proposal to delay Huawei ban faces stiff opposition from China hawks

U.S. industry is urging lawmakers to delay a looming ban on the government contracting with companies that use certain Chinese products, but it's unclear whether a Congress keen on taking a hard line against China will consider the proposal.

TRANSCOM confirms $7.2B award after investigation clears winner of allegations

U.S. Transportation Command confirmed the award of the $7.2 billion Global Household Goods contract to American Roll-on Roll-Off Carrier after clearing the company of improperly withholding information about its parent company.