Defense Business Briefing -- May 29, 2018

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

This week's top story

After refocusing, DynCorp International sees profits rise, weighs acquisitions

An improving U.S. defense budget has led DynCorp International to return to its historical core markets, boosting profits and leaving the company weighing its acquisition options.

News & notes

Booz Allen reports improved sales, profit

Booz Allen Hamilton said sales in its fiscal year 2018 reached $6.1 billion, up 6 percent from 2017.

Pratt & Whitney to invest in West Palm Beach facility

Pratt & Whitney said it will invest up to $100 million in its West Palm Beach, FL, facility to create up to 215 new jobs by 2022.

S&P boosts Lockheed rating

Standard & Poor's Global Ratings has changed its outlook on Lockheed Martin to positive from stable.

PSC opposes DOD proposal on bid protests

The Professional Services Council, an industry group, is criticizing a legislative proposal by the Pentagon that would limit companies' options for protesting award decisions.

What's happening

The week ahead

Senior Pentagon officials are scheduled to speak at various events around Washington this week, while defense company executives are expected to make presentations at an investor conference in New York. Meanwhile, Congress is out of town and Defense Secretary Jim Mattis is traveling to Singapore for the annual Shangri-La Dialogue.

For Inside Defense subscribers

GAO dismisses, denies Sikorsky's protest over UH-1N replacement data rights

The Government Accountability Office denied parts of Sikorsky's challenge to how the Air Force handles data rights in the UH-1N Huey replacement program, and dismissed other points because they were raised too early or late in the competition.

Senators urge White House to protect U.S. military technologies from China

A bipartisan group of senators is urging White House trade negotiators to refrain from actions that could grant China increased access to critical U.S. military technologies or undermine enforcement actions against Chinese telecommunications giant ZTE Corp., according to a May 22 letter.