Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Science Applications International Corp. said it has agreed to acquire Engility in an all-stock deal worth $2.5 billion to create a $6.5 billion government services contractor.
The soon-to-be-released industrial base report overseen by the Pentagon includes "very detailed recommendations," the Defense Department's top industrial policy official said.
Under Secretary of Defense for Acquisition and Sustainment Ellen Lord said the Pentagon is working on new standards for the procurement of intellectual property, something she acknowledged has long been a "thorny" issue between the government and defense contractors.
AeroVironment said sales in its most recent quarter hit $78 million, up 127 percent from the same three-month period a year earlier.
LMI said it has named retired CIA officer Bradford Karony director of national security operations.
Raytheon said its board of directors has elected retired Air Force Gen. Ellen Pawlikowski as a director, effective immediately.
General Atomics Electromagnetic Systems said it has hired retired Army Lt. Gen. Sean MacFarland to serve as vice president of weapons program strategic development.
Cubic said it has named Michael Knowles president of Cubic Global Defense, effective Oct. 1.
Congress this week continues to debate the "minibus" containing the $675 billion defense spending bill, while senior Pentagon officials are scheduled to speak around the Washington area.
The United States will propose changes to how the Missile Technology Control Regime guides exports of unmanned aerial systems at an upcoming annual meeting, as officials want to enable U.S. companies to compete with countries like China for foreign UAS sales.
U.S. Cyber Command has had acquisition authority for more than two years, but the increasingly important command has struggled to make full use of its buying powers due to workforce gaps.