Defense Business Briefing – Jan. 7, 2020

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

This week's top story

Ready for 2020: Defense industry advocates and experts detail top issues

Defense industry advocates say they expect a busy year as the Pentagon takes up new measures, such as the Cybersecurity Maturity Model Certification. However, the coming election could add some uncertainty.

News & notes

S&P lowers Constellis rating, says debt restructuring plan due next month

S&P Global Ratings said it has lowered the credit rating of Constellis Holdings after the company "failed to make a mandatory principal payment on its $872 million first-lien term loan."

Appointments & promotions

CACI hires Nagata

CACI International said today it has named retired Army Lt. Gen. Michael Nagata a corporate strategic adviser and senior vice president.

Graybeal to join SOSi

SOS International has named James Graybeal, the executive for reform outreach at the cost assessment and program evaluation directorate, vice president for public affairs and government relations.

What’s happening

The week ahead

There are few events as Washington gets back to work after the holidays, but two military officials will speak at events Friday.

For Inside Defense subscribers

Congress shifts 'chief data officer' away from CMO's office as Pentagon finalizes data strategy

Congress has shifted the Defense Department's chief data officer position away from the endangered chief management office, while Pentagon officials say the first department-wide data strategy is awaiting Defense Secretary Mark Esper's signature.

Pentagon publishes final guidance for fast-track 'middle-tier' weapons programs

The Pentagon has finalized guidance outlining how the military services should run fast-track "middle-tier" acquisition programs, with the Defense Department acquisition chief asserting the power to determine when a program is not appropriate for the streamlined process.

Early 2020 presents major regulatory milestones for U.S. cyber acquisition revisions

The next two months could be crucial for the federal government's landmark efforts in setting cybersecurity requirements for contractors and agencies to protect national security and other information from foreign adversaries, with a proposed rule later this month and comments due in February on banning Huawei and other China-based tech products.