Defense Business Briefing -- Nov. 13, 2018

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

This week's top story

BWX Technologies takes $27 million charge for missile tube rework

Realizing the rework necessary for missile tubes slated for the Columbia-class submarine "were more substantial than previously contemplated," BWX Technologies has reserved $26.7 million to cover repairs, the company disclosed.

News & notes

Novetta acquires Berico Technologies

Novetta said it has acquired Berico Technologies, which specializes in cloud engineering, data analytics and IT modernization for intelligence agencies.

Huntington Ingalls reports sales, profit boosts

Huntington Ingalls Industries said sales in its most recent quarter reached $2.1 billion, up 12 percent from the same three-month period a year earlier.

Raytheon CEO: Post-election, deficit hawk 'concern' no longer a problem

Last week's election has led to an improved environment, Tom Kennedy, Raytheon's chief executive, said during a Baird conference.

Vectrus reports sales, profit gains

Vectrus said sales in its most recent quarter reached $308 million, up 14 percent from the same three-month period a year earlier.

Kratos to lease 'large drone manufacturing facility' for tactical drone effort

Kratos Defense & Security Solutions said it will soon open another drone manufacturing facility to build a tactical drone program known as Thanatos.

Oshkosh says 'pause button' has been hit on foreign sales opportunities in Saudi Arabia

Oshkosh still sees foreign sales opportunities in the Middle East, but concerns over the alleged murder of a journalist by Saudi Arabia are creating a "pause" on sales to that country.

Defense lobbyists urge 'stable growth' in spending

A large lobbying arm of the defense industry is posturing itself to oppose planned cuts to defense spending directed by the Trump administration and favored by some newly empowered Democrats.

Appointments & promotions

Kumashiro joins LMI to oversee Air Force work

LMI said it has named retired Air Force Col. Patrick Kumashiro director of its Air Force support, “overseeing development and delivery of advanced analytics, digital services, logistics, and management advisory services to USAF clients.”

Leonardo DRS promotes Baylouny

Leonardo DRS said it has named John Baylouny chief operating officer, succeeding Terry Murphy, who will retire at the end of the year.

Constellis names Foster CFO

Constellis said Gordon Foster has been named its chief financial officer.

What's happening

The week ahead

Congress returns this week to hold hearings on cyber issues, while senior Pentagon officials are scheduled to speak at several events around the Washington area.

For Inside Defense subscribers

DISA 'raising the bar' on contractor cybersecurity expectations

LINTHICUM, MD -- The Defense Information Systems Agency will begin reviewing how well contractors protect government data, with consequences for companies who don't implement adequate cybersecurity, DISA's top official told industry.

Democrats reset Congress as GOP defense hawks face uphill push on spending

Democrats reclaimed a majority in the House last week, ousting GOP committee chairmen from perches of influence and tightening the pressure on defense hawks who must now contend with a White House seeking new fiscal restraint and progressive-minded lawmakers ready to cut defense spending.