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

Jacobs: KeyW acquisition will move company into high-end technical work

Jacobs will operate KeyW as a bolt-on acquisition for the first six months while it addresses redundant costs, but the company will then make decisions about how to further integrate the contractor, a top Jacobs executive told Inside Defense.

LMI Ventures forms first partnership

LMI Ventures has established a partnership with Immuta, which focuses on data management, in its first deal since being established several months ago.

Major defense contractors report sales growth

General Dynamics, Boeing's defense business and Northrop Grumman all reported sales boosts in the most recent quarter.

Raytheon reports sales, profit increase

Raytheon said sales in its most recent quarter reached $6.7 billion, up about 7% from the same three-month period a year earlier.

SOS International makes two new hires

SOS International said today it has named Helle Huxley vice president for strategic communications and Gregory Hayken associate general counsel and vice president for contracts.

The week ahead

The week ahead is loaded with congressional hearings, including one featuring acting Defense Secretary Pat Shanahan testifying about the Pentagon's fiscal year 2020 budget request. Meanwhile, a host of defense companies hold quarterly earnings calls.

New proposal emerges to lower technology transfer barriers for closest U.S. allies

As the Pentagon conducts high-level conversations with key U.S. allies on strengthening defense industrial base cooperation, a new proposal has emerged that could become legislation used to lower barriers for technology transfer between the United States, Canada, the United Kingdom and Australia.

SpaceX CEO Musk admits launch proposal 'missed the mark'

SpaceX CEO Elon Musk reportedly admitted to the Defense Department that the company's losing bid for launch vehicle development funding "missed the mark," according to a newly released DOD inspector general report.