Defense Business Briefing -- Feb. 26, 2019

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

This week's top story

BWX Technologies CEO: Missile tube business 'hasn't been especially kind to us so far'

BWX Technologies' chief executive said the company's missile tube rework efforts are on track, noting the majority of the repairs are scheduled to be complete by mid-year.

News & notes

Harris sets date for special meeting on L3 deal

Harris said this week it would hold a special meeting April 4 for its stockholders to consider proposals needed to close its merger with L3 Technologies.

Lockheed creates spectrum convergence segment

Lockheed Martin late last year created a new market segment called spectrum convergence, according to the executive leading the venture.

Perspecta CEO: Army cyber contract is 'proving the thesis statement'

Perspecta's win of a new Army Cyber Command task order marks the "first full Perspecta bid" that takes advantage of all of the company's capabilities, according to Perspecta's chief executive.

Warden says she's focused on 'technology insertion at speed' and 'having relevant capability'

Northrop Grumman's chief executive said at a conference she's closely watching the company's ability to rapidly develop capabilities as well as seeking to ensure its capabilities align with the environment.

ManTech reports improved sales

ManTech International said sales in its most recent quarter reached $497 million, up about 8 percent from the same three-month period a year earlier.

Aerojet Rocketdyne reports higher sales, profit in 2018

Aerojet Rocketdyne said sales in its most recent quarter reached $438 million, down 17 percent from the same three-month period a year earlier.

Appointments & promotions

LMI names Folau to run new venture capital fund

LMI said it has named Ian Folau principal of its new venture capital fund, dubbed LMI Ventures.

What's happening

The week ahead

Congress returns to work this week and senior Pentagon officials are scheduled to appear around the Washington area.

For Inside Defense subscribers

Microsoft to continue working with Army on IVAS, despite employees' call to withdraw

Despite some employees' reservations, Microsoft said today it would continue working on the Army's augmented reality display called the Integrated Visual Augmentation System.

DOD investigating 'new information' tied to potential conflicts of interest in JEDI cloud procurement

Oracle's protest against the potentially $10 billion Joint Enterprise Cloud Infrastructure program is on pause as the Pentagon investigates "new information" in determining whether conflicts of interest tainted the competition in favor of Amazon Web Services.

Symantec CTO lauds Trump AI order, calls for 'baseline' IoT security standard

Cybersecurity firm Symantec's federal chief technology officer, Aubrey Merchant-Dest, said President Trump's recent executive order on artificial intelligence builds off important work at the Defense Department, which is being extended across the private sector, while also calling for a standard on securing the emerging Internet of Things market.