Defense Business Briefing -- Nov. 12, 2019

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

This week's top story

Raytheon CEO says Forcepoint will not be a 'long-term part' of Raytheon Technologies

Forcepoint, Raytheon's cyber business, will not a be a "long-term part of the [Raytheon Technologies] portfolio," according to Tom Kennedy, the chief executive of Raytheon.

News & notes

GAO: 2019 bid protests were down 16%

The Government Accountability Office received 2,198 bid protest cases in fiscal year 2019, down 16% from the prior year, according to a new report sent to Congress.

Petters says he has 'spoken directly' with Navy officials about Ford-class carrier

The chief executive of Huntington Ingalls Industries said the company is working closely with the Navy on the aircraft carrier Gerald Ford (CVN-78), which has come under fire from Congress and top Navy officials in recent weeks.

General Dynamics CEO: Electric Boat will see 'significant growth' over next decade

General Dynamics' Electric Boat sales are set to double over the next decade, driven by the Columbia-class program, the company's chief executive said.

Kratos, Vectrus report increased sales

Kratos Defense & Security Solutions said sales in its most recent quarter totaled $184 million, up about 15% from the same three-month period a year earlier.

COO says Oshkosh will be 'opportunistic' with M&A

Oshkosh will be "opportunistic" when it comes to acquiring other businesses, according to the company's new chief operating officer

Appointments & promotions

Lockheed taps Adams to oversee FVL effort

Lockheed Martin said it has appointed Andy Adams to oversee its Future Vertical Lift work, effective Nov. 18.

What's happening

The week ahead

Senior defense officials are scheduled to speak around the Washington area this week, including at a congressional hearing on the F-35 Joint Strike Fighter.

For Inside Defense subscribers

A year after aborted progress payments proposal, DOD to launch new contract financing review

The Defense Department is preparing to review its decades-old policy for paying contractors, including a look at how potential changes might impact the profits of defense companies.

DOD to hold closed-door meeting on accreditation for upcoming cyber certification program

The Pentagon's acquisition office is seeking industry input on establishing an accreditation body for third-party auditors as part of a cybersecurity certification program for contractors, expected to be rolled out in some form next year.

AI commission flags DOD's acquisition processes as major barrier to tech adoption

The Pentagon's policies and processes serve as major impediments in the U.S. military's adoption of artificial intelligence technologies, according to a new report, as another panel takes aim at the Defense Department's acquisition system.