Defense Business Briefing -- November 22, 2022

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

This week's top story

Boeing to overhaul struggling defense business

Boeing has announced it is halving the number of divisions in the company's defense business unit as one of the nation's largest contractors struggles to regain its footing after a stretch of disappointing financial returns.

News & notes

Oshkosh to buy Hinowa

Oshkosh Corp. has announced an agreement to acquire Italian company Hinowa S.p.A., a manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages.

GDIT-led 5G coalition seeks to provide 'holistic' solutions for DOD, government

A recently announced coalition led by General Dynamics Information Technology seeks to provide "holistic" 5G capabilities and solutions to the military and other government agencies, according to a company executive.

BAE to partner with Polish firm as ground combat vehicle demand heats up

BAE is forming a "strategic relationship" with a Polish defense company to support the production of tank recovery systems and other combat vehicles, the company announced Nov. 21.

Bush: Munitions industrial base improvements are 'vitally important'

The Army's acquisition executive on Wednesday added to a growing chorus of senior government officials calling to modernize the service's ability to make munitions, continuing to highlight an issue that has increased in relevance as the Pentagon has shipped weapons to Ukraine.

New classified cloud partnership to speed up Lockheed's work with DOD, company says

A new partnership between Microsoft and Lockheed Martin that gives the latter classified cloud access will ultimately allow executives to more quickly and cheaply provide solutions to Defense Department customers, the defense prime says.

LaPlante meets with U.S. allies to increase global weapons production

Pentagon acquisition chief Bill LaPlante chaired a Nov. 18 meeting in Brussels with dozens of armaments chiefs from around the world looking to boost the production of critical weapon systems being used in Ukraine against the Russian military.

Albuquerque start-up pitches new booster to help DOD surge hypersonic weapon production

X-Bow Systems -- a New Mexico-based start-up that claims to bring 21st-century manufacturing technologies and know-how to solid-rocket motor production -- has answered the Pentagon's call for a potential new domestic supplier of boosters needed to power Army and Navy plans to scale production of long-range hypersonic strike weapons.

Booz Allen reopens revamped DC innovation center

Booz Allen Hamilton HAS officially reopened its revamped downtown Washington, DC innovation center, a site executives were originally forced to shutter in response to the COVID-19 crisis.

Promotions & appointments

Krishna joins Northrop Grumman board of directors

Northrop Grumman announced it has elected Arvind Krishna to the company's board of directors.

Long joins Red Cat Holdings board of directors

Red Cat Holdings announced that Mary Beth Long has been appointed to the company's board of directors.

What's happening

The week ahead

Few events are scheduled this week leading up to the Thanksgiving holiday.

For Inside Defense subscribers

JPO targets five-to-seven-year development for F-35 engine modernization

The F-35 Joint Program Office expects a modernized propulsion system for the Joint Strike Fighter will take between five to seven years to develop, a JPO spokesman told Inside Defense, a timeline that would see a new engine for the Lightning II by 2031 as the military services stand poised to choose an upgrade for the fighter's powerplant.

Zumwalt returns from Pacific, will undergo more work before first traditional deployment

After test-driving stealth destroyer Zumwalt (DDG-1000) in the Indo-Pacific for three months, the Navy's troubled ship class had a successful first employment but will undergo more upgrades and testing before it conducts a full deployment.