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

BAE Systems warns new CFIUS pilot program could 'distort' competition in defense industrial base

BAE Systems and other organizations are urging the Treasury Department to clarify an interim rule expanding the scope of transactions overseen by the Committee on Foreign Investment in the United States, as BAE argues the current rules could harm trusted, foreign-owned defense firms.

Moody's: Next LOGCAP deal could mean some companies see 'minimal activity levels'

Moody's Investors Service says LOGCAP V, scheduled for award in the spring, will be a "substantial opportunity," but the large number of potential awardees could mean some see a lower level of work.

Warren seeks info on Booz Allen, BCG and Deloitte's Saudi Arabia ties

In a letter sent to three companies, Sen. Elizabeth Warren (D-MA) seeks information on the firms' consulting services contracts with Saudi Arabia as well as the role of past and present Trump administration officials in negotiating those deals.

SAIC and Engility plan Jan. 11 vote

Science Applications International Corp. and Engility said each company will hold a special meeting in January to vote on proposals related to SAIC's acquisition of Engility.

Perspecta CEO: Amazon's arrival 'puts stress everywhere'

Amazon's decision to locate part of its second headquarters in Northern Virginia "does put stress on the system," according to the chief executive of Perspecta.

NBIB: Background investigations backlog down 13 percent since spring

National Background Investigations Bureau Director Charles Phalen said the background investigations backlog stands at 630,000, down 13 percent since the spring.

GAO dismisses Oracle's protest against Pentagon's $10B JEDI cloud contract

The Government Accountability Office has dismissed Oracle America's protest against the Pentagon's Joint Enterprise Defense Infrastructure cloud services solicitation.

The week ahead

The week ahead is quiet as the Thanksgiving holiday approaches.

Pentagon revising LPTA guidance

The Pentagon is revising its guidance to program managers on the use of lowest priced, technically acceptable contracts, according to information it provided to the Government Accountability Office.

Pentagon's first-ever audit fails to find 'hidden pots of gold'

Though the Defense Department failed to receive a "clean" opinion from auditors who examined more than $2.7 trillion in DOD assets, Pentagon officials say the historic undertaking has provided valuable information that will improve military readiness and cybersecurity.

Defense Security Service consolidating several entities, rebranding as part of background investigations shift

President Trump is expected to "imminently" sign an executive order formally shifting federal background investigations to the Defense Security Service and rebranding DSS as the "Defense Counterintelligence and Security Agency," according to Defense Department officials.