Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Two private-equity firms make new investments in contracting market
Two firms last week announced new deals in the government contracting industry.
As other contractors exit services market, General Dynamics bets big on it
L3 Technologies was one of the first to sell off its services business, spinning off what's now Engility in 2012. Lockheed Martin followed suit in 2016, divesting its information systems and global solutions unit.
Huntington Ingalls reports sales increase, profit decline in 2017
Huntington Ingalls said sales in 2017 reached $7.4 billion, up about 5 percent from a year earlier.
Pentagon announces industry day for cloud steering group
The Defense Department's cloud executive steering group will host an industry day next month to discuss its plans for a high-profile and often controversial commercial cloud acquisition, according to a Pentagon announcement.
Boeing joins General Atomics' MQ-25 Stingray team
General Atomics Aeronautical Systems announced Boeing Autonomous Systems will join its MQ-25 Stingray team.
European Commission OKs Northrop-Orbital ATK deal
Northrop Grumman said last week the European Commission has notified it that it has approved the contractor's planned acquisition of Orbital ATK.
Serco North America adds Drew to board
Serco said Pamela Drew, a veteran government contracting executive, has been appointed to the board of its U.S. business.
Deep Water Point hires Moran
Management consulting firm Deep Water Point has hired retired Army Maj. Gen. Dennis Moran as a Defense Department subject matter expert.
The Government Accountability Office has upheld a protest filed by BAE Systems over an Army intelligence support services task order.
The week ahead
Several defense companies have scheduled earnings calls for the week ahead, while the Air Force Association's annual Air Warfare Symposium begins Wednesday in Orlando, FL.
Sikorsky files pre-award bid protest over data rights in UH-1N replacement program
Sikorsky last week filed a protest with the Government Accountability Office in a disagreement over the Air Force's data and software requirements for the UH-1N replacement program.
Oshkosh awarded $476 million contract for medium-size trucks
The Army has signed a seven-year contract with Oshkosh Defense valued at $476.2 million for the Family of Medium Tactical Vehicles A2 variant. The contract, posted Feb. 7, does not specify a quantity, but states there is no cap on the number of vehicles the Army can order.