Defense Business Briefing -- Oct. 30, 2018

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

This week's top story

Boeing makes case for investments in key programs; argues wins will pay off for decades

Boeing executives defended the company's efforts to win recent programs, just one day after the chief executive of Lockheed Martin hinted the prices they bid might result in losses.

News & notes

Leidos, Raytheon report sales, profit boosts

Leidos said sales during its most recent quarter hit $2.6 billion, up nearly 3 percent from the same three-month period a year earlier.

General Dynamics, Northrop Grumman report sales improvements

Buoyed by acquisitions, both General Dynamics and Northrop Grumman said they saw sales and profit boosts during their most recent quarter.

Booz Allen reports sales boost

Booz Allen Hamilton said sales in its most recent quarter hit nearly $1.7 billion, up 8 percent from the same three-month period a year earlier.

Textron to acquire Howe and Howe Technologies

Textron said it has agreed to buy Howe and Howe Technologies and make it part of the Textron Systems business unit.

Endeavor Robotics to team with Howe and Howe to pursue RCV

Endeavor Robotics has signed a teaming agreement to work with Howe and Howe Technologies to pursue the Army's Robotic Combat Vehicle program, the companies have confirmed.

CACI planning classified agile software facility in Colorado Springs

CACI, buoyed by the success of relocating its back-office work to Oklahoma City, OK, is planning a classified agile software facility in Colorado Springs, CO, Ken Asbury, chief executive of CACI International, said.

SAIC-Engility deal advances

Science Applications International Corp. said the waiting period under antitrust legislation has expired, allowing its planned acquisition of Engility to move forward.

Blue Delta expands team, sees market opportunity in potential downturn

Blue Delta Capital Partners, an investment firm focused on the government services market, is growing its team and seeking additional opportunities as the market reshapes.

What's happening

The week ahead

Senior Pentagon officials are scheduled to speak around the Washington area this week, while several defense companies host quarterly earnings calls.

For Inside Defense subscribers

White House trade policy shop moves to conduct U.S. infrastructure assessment with defense slant

NATIONAL HARBOR, MD -- The White House's trade policy office, on the heels of a sweeping defense industrial base assessment, next wants to hone in on the U.S. infrastructure sector and how it can be shored up against potential Chinese intrusions, according to the head of the office.

GAO rejects Raytheon's protest, denying company a lock in Next Generation Jammer program

Government lawyers have sustained the Navy's decision to boot Raytheon from the Next Generation Jammer Increment 2 technology demonstration program, denying the prime contractor for the NGJ Increment 1 program a lock on the service's electronic attack business and giving Northrop Grumman and L3 Technologies a leg up in the multibillion-dollar competition.