Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
The new AeroVironment-Kratos Defense & Security Systems strategic relationship is focused on a particular customer and a "real opportunity," according to Kratos' chief executive.
Maxar Technologies said it "engaged in significant cost reductions" during the most recent quarter.
Vectrus said sales in its most recent quarter hit $326 million, up 2% from the same three-month period a year earlier.
KeyW said today sales in its most recent quarter reached $113 million, down almost 10% from the same three-month period a year earlier.
Huntington Ingalls Industries said earlier this month it has named James LaCroix, a former Naval Undersea Warfare Center official, corporate director of the company's advanced technologies office in Newport, RI.
CACI International said it has named retired Army Lt. Gen. Michael Shields senior vice president of advanced technology for mission adoption.
This week House appropriators mark up their version of the fiscal year 2020 defense spending bill, while senior Pentagon officials are scheduled to make a host of appearances around the Washington area.
The Pentagon intends to launch a program next month to connect small, but promising technology companies with “trusted” venture capitalists, rather than risk the companies going into business with Chinese investors.
The Pentagon, as in previous years, has sent Congress a legislative proposal to impose bid protest timeliness rules at the U.S. Court of Federal Claims that would mirror those at the Government Accountability Office, with the intent to reduce decision times and block contractors from lodging protests with both entities.
The Pentagon is asking Congress to loosen restrictions on some large acquisition programs by reducing the amount of data required to make determinations of "price reasonableness."