Defense Business Briefing -- Oct. 27, 2020

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

This week's top story

AM General CEO says he sees opportunity for humvee-maker to expand its business approaches

The chief executive of AM General, which was recently sold, said the company is focused on expanding not only its product line, but also the ways it does business.

News & notes

Pentagon poised to study defense company cash flow and pricing

The Defense Department is preparing to launch a study to examine how it pays defense contractors, a topic that has drawn controversy and political backlash in the past.

Raytheon to divest Forcepoint business

Investment firm Francisco Partners said it has agreed to acquire Raytheon Technologies' Forcepoint cybersecurity business.

Aerojet Rocketdyne reports increased sales, lower profit

Aerojet Rocketdyne said sales in its most recent quarter totaled $528 million, up almost 10% from the same three-month period a year earlier.

PAE agrees to acquire CENTRA Technology

PAE said it has agreed to pay $208 million in cash for CENTRA Technology, which specializes in intelligence support, information analytics and engineering services.

Northrop Grumman 'very confident' about nuclear modernization efforts under new administration

The chief executive of Northrop Grumman said she is "very confident" that if a new administration takes office next year, the company's nuclear modernization initiatives would still be supported.

Lockheed is 'looking for opportunities' in mergers and acquisitions

Lockheed Martin's new chief executive said the company is seeking acquisitions that could help it offer new technologies more quickly.

Appointments & promotions

PAE hires Rice

PAE said it has named Cristal Rice vice president of its readiness and sustainment group.

SRC names Judy Lewis to head strategy

SRC said today it has hired Judy Lewis as vice president for strategy, a newly developed role.

What's happening

The week ahead

The week ahead is packed with defense contractor earnings calls. Senior defense officials are also scheduled to participate in a variety of online events.

For Inside Defense subscribers

Esper heralds weapons export reforms

Defense Secretary Mark Esper said the Pentagon has made some internal reforms to ease the path of U.S. weapons to foreign buyers.

DOD sets timeline to establish new contractual relationship with CMMC Accreditation Body

The Defense Department has set a deadline for the accreditation body behind the Pentagon's cyber certification program to establish a contractual relationship with DOD by the end of this month.

DOD to incorporate CMMC requirements into 15 Pentagon contracts in year one

The Defense Department is in the process of determining which contracts will be featured in the first-year rollout of its Cybersecurity Maturity Model Certification program, according to leading Pentagon acquisition officials.