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

Leidos to acquire L3Harris' airport security businesses

Leidos has agreed to acquire L3Harris Technologies' security detection and automation businesses for $1 billion in cash.

Huntington Ingalls to acquire Hydroid

Huntington Ingalls Industries has agreed to acquire Hydroid, which provides advanced marine robotics to the defense and maritime markets, in a $350 million deal.

AECOM's management services business becomes stand-alone company Amentum

The former management services unit within AECOM is now a stand-alone, private company called Amentum.

Lockheed Martin Ventures made nine new investments in 2019

Lockheed Martin Ventures, the venture capital arm of the world's largest defense contractor, last year invested in nine new companies and made more than 30 follow-on investments.

Northrop says restricted work is growing

Northrop Grumman's chief executive said restricted work made up about a quarter of the company's sales in 2019.

Raytheon CEO: Classified work is 'seed corn'

The chief executive of Raytheon said the company is seeing increased classified work, which he said helps ensure future franchises.

General Dynamics CEO says company is prepared for increased work at Electric Boat

General Dynamics has built new facilities and focused on its workforce to manage both Block V of the Virginia-class submarine and the Columbia-class submarine, according to the company's chief executive.

Boeing defense sales and profit sag

Boeing said sales in its defense, space and security business in the most recent quarter were just shy of $6 billion, down 13% from the same three-month period a year earlier.

Textron Systems, Bell, Oshkosh report increased sales

Textron said its Textron Systems and Bell businesses reported sales growth during the most recent quarter.

Lockheed reports sales and profit gains

Lockheed Martin reported quarterly sales of $15.9 billion, up about 10% from the same three-month period a year earlier. Quarterly profit reached $1.5 billion, up almost 20% from the prior year.

New Govini CEO says company tripled employee count over past year

The new chief executive of Govini says the company has tripled its employee count in the past year and that she will remain focused on recruiting talent.

Booz Allen CEO says intel business has been 'constrained'

Growth in Booz Allen Hamilton's intelligence business has been "constrained by the need for cleared talent and a couple of recompete losses," the company's chief executive said.

Boeing reports $148M in tanker charges for 2019

Boeing reported it incurred $148 million in KC-46 tanker charges in 2019, which the company attributes to "higher manufacturing costs."

Northrop Grumman moves to expand Arizona satellite facilities

Northrop Grumman said it has begun building a 100,000-square-foot addition to its satellite manufacturing facility in Gilbert, AZ, as well as a new 120,000-square-foot administrative and engineering building.

CACI reports improved sales

CACI International said sales in its most recent quarter reached $1.4 billion, up 18% from the same three-month period a year earlier.

ManTech hires former NSA official

ManTech International said it has named Kemp Ensor vice president and deputy general manager of the security solutions business unit within its mission, cyber and intelligence solutions group.

The week ahead

The president is scheduled to make his State of the Union address this week, while Defense Secretary Mark Esper is slated to speak about the National Defense Strategy.

DOD officials promise go-slow approach to new contractor cyber certification

Pentagon officials are promising the defense industry a slow, phased roll out of the new Cybersecurity Maturity Model Certification, with the new security requirements expected to show up in just 10 contracts this year.

Hyten: 'Significant improvement' coming this year in effort to declassify programs

The vice chairman of the Joint Chiefs of Staff said the overclassification of programs is "unbelievably ridiculous," and he expects to see improvement this year.