Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
L3 Technologies is consolidating two business units to "maximize growth and improve its integration and collaboration."
BWX Technologies, which builds the nuclear reactors used on Navy aircraft carriers and submarines, said this week sales in its most recent quarter reached $439 million, up 7 percent from the same three-month period a year earlier.
Alion Science and Technology has agreed to buy MacAulay-Brown, which specializes in engineering and cybersecurity work for national security agencies.
Kratos Defense & Security Solutions said sales in its most recent quarter hit $151 million, up 2 percent from the same three-month period a year earlier.
Huntington Ingalls said sales in its most recent quarter hit $2 billion, up almost 9 percent from the same three-month period a year earlier.
ManTech International said sales in its most recent quarter reached $491 million, up 19 percent from the same three-month period a year earlier.
Lynn Dugle, Engility's chief executive, said during a call with analysts the contractor is seeing a much higher percentage of its existing programs being extended -- and often expanded -- rather than being recompeted.
Aerojet Rocketdyne said sales in its most recent quarter reached $467 million, up almost 2 percent from the same three-month period a year earlier.
Leidos said Timothy Reardon, the head of the company's defense and intelligence group, would leave the company.
Leidos said it has named Randy Phillips senior vice president for corporate development, tasked with leading "the strategic development and execution of Leidos' growth strategy through mergers, acquisitions, and related activities."
Cubic said it has named Bradford Powell vice president and general manager of the command and control, intelligence, surveillance and reconnaissance -- or C2ISR -- solutions business within Cubic Mission Solutions.
Raytheon said it has named Sally Sullivan vice president of U.S. business development and Ed Fortunato vice president of government relations.
Aerojet Rocketdyne said it has named Jim Maser senior vice president of its space business unit.
The Space and Missile Defense Symposium and several defense industry events are on the docket for this week.
The Pentagon's defense pricing office and the Defense Contract Management Agency are set to soon enter into a memorandum of agreement to clarify their roles on commercial item policies and determinations and document a funding plan for the commercial item database, according to a new letter from a top DOD official.
Facing a new regulations regime under the Trump administration, the Pentagon has been delayed in turning the provisions in recent defense authorization legislation, among other required changes, into rules for the defense acquisition system.
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.
Buried in the fiscal year 2019 defense authorization bill awaiting President Trump's signature is a provision that discourages the use of cost as the primary concern when procuring certain services across all federal agencies, which industry groups are celebrating as big win for cybersecurity.