Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
The development of the unmanned underwater vehicle market likely won't track the path of the unmanned aerial vehicle market, the chief executive of Huntington Ingalls said last week.
The Pentagon, beset by congressional opposition and industry outcry, is backing off a controversial proposal that would have reduced defense contractor progress payments, according to a statement from Deputy Defense Secretary Pat Shanahan.
The chief growth officer of Vectrus told Inside Defense the contractor views infusing technology into its programs as the best approach to lower the cost of these efforts.
House Armed Services Committee Chairman Mac Thornberry (R-TX) said he and Senate Armed Services Committee Chairman Jim Inhofe (R-OK) have sent a letter to the Pentagon opposing plans to reduce defense contractor progress payments, arguing that doing so is "inconsistent" with congressional intent.
Lockheed Martin said today it has named retired Army Brig. Gen. Joe Rank chief executive of Lockheed Martin Saudi Arabia.
The National Defense Industrial Association said it has named Richard McConn chair of the organization.
ManTech International said it has named Adam Rudo senior vice president and general manager of the company's security solutions business unit, which is part of its mission, cyber and intelligence solutions group.
Leidos has named Gerry Fasano president of its defense group, according to an internal company memo.
Defense Secretary Mattis travels to Europe this week for a NATO ministerial, while senior Pentagon officials are scheduled to speak at different events around the Washington area.
The Pentagon will establish outposts at select universities around the country under its new Joint Artificial Intelligence Center, the Defense Department's chief information officer said.
Defense Department organizations concerned with the state of their contractors' cybersecurity are assessing whether companies are meeting requirements for securing sensitive information on their networks.