Defense Business Briefing -- May 7, 2019

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

This week's top story

AECOM, Fluor, PAE-Parsons team file LOGCAP V protests

Following DynCorp International's protest of the Army's Logistics Civil Augmentation Program, or LOGCAP V, AECOM, Fluor and a PAE-Parsons team have also filed protests with the Government Accountability Office.

News & notes

Maxar says it will receive full insurance payout for WorldView-4

Maxar Technologies said its insurance carriers have accepted its $183 million claim for loss related to the WorldView-4 satellite on-orbit failure.

CACI, ManTech reports sales, profit boosts

Services contractors CACI International and ManTech International both reported increases in quarterly sales and profit.

Huntington Ingalls reports improved sales, lower profit

Huntington Ingalls Industries said sales in its most recent quarter reached $2.1 billion, up 11% from the same three-month period a year earlier.

Leidos says it hired 2,000 employees in most recent quarter

Leidos said it is "on track" to meet its headcount goals for the year and hired more than 2,000 employees in its most recent quarter.

Aerojet Rocketdyne reports flat sales

Aerojet Rocketdyne reported aerospace and defense segment sales in its most recent quarter hit $490 million, essentially flat from the same three-month period a year earlier.

Harris, L3 executives say they are making progress as they ready for merger

Harris and L3 Technologies executives said they are readying for their merger, which is still on track to close in mid-2019.

DynCorp files LOGCAP V protest

DynCorp International filed a protest with the Government Accountability Office over the Logistics Civil Augmentation Program, or LOGCAP V.

AeroVironment opens New England Innovation Center

AeroVironment announced it has established what it's calling its New England Innovation Center, an office that will "lead development of advanced solutions complementing AeroVironment’s market-leading small [unmanned aircraft systems] and furthering the company's growth strategy."

Appointments & promotions

Lockheed Martin unveils recent strategy and business development hires

Lockheed Martin said it has named Robert Lightfoot, former acting administrator of NASA, vice president for strategy and business development at Lockheed Martin Space, effective next week.

Cubic hires three executives for defense business

Cubic said it has added three new executives to its defense business.

What's happening

The week ahead

The week ahead is packed with congressional hearings, including an appearance by acting Defense Secretary Pat Shanahan. Additionally, senior Pentagon officials are scheduled to appear at the Navy League's Sea Air Space conference.

For Inside Defense subscribers

Pentagon asking Congress for new appropriations rules for software

Pentagon acquisition chief Ellen Lord said the Defense Department is asking Congress to create new appropriations rules for the development and procurement of software, which would begin with pilot programs in fiscal year 2020 and transition to a fully new process in FY-21.

Pentagon warns companies of 'trade-offs' in doing business with China

The Pentagon remains concerned about China’s pursuit of new technologies that could be put to military use, warning U.S. companies that doing business with Beijing could bring risks in terms of cyber espionage and limited opportunities for future work with the U.S. government.

Federal Acquisition Security Council, created under 2018 tech law, holds first meeting

The Federal Acquisition Security Council held its first meeting to begin developing a national strategy for securing the government's supply chain from cyber and other threats, with the Defense Department's strict cybersecurity rules likely to serve as a model.