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

L3Harris Technologies completes deal, organizes into four segments

L3Harris Technologies said it successfully completed its merger over the weekend and detailed a new structure and board of directors.

DOD says it will seek FY-20 funding to study effect of contract financing on defense industry

Following controversy over its plans to change the way it manages progress payments, the Pentagon says it will now seek fiscal year 2020 funds for a study of how its contract financing and profit policies affect the defense industry.

Air Force: Federal Claims Court does not have jurisdiction over SpaceX OTA protest

The Air Force is requesting the U.S. Court of Federal Claims dismiss SpaceX's recent protest of the service’s launch vehicle development competition, arguing the court does not have jurisdiction to consider the case.

AECOM spin-off marks latest new player in growing government services market

The separation of AECOM's government services business is just the latest example of services contractors reshaping to take advantage of an improving market, experts say.

SRC acquires SAZE

Not-for-profit research and development company SRC said it has acquired SAZE, which specializes in radar research and development.

AeroVironment says it was not selected for two Army programs

AeroVironment said it was not awarded spots on the Army’s Soldier Borne Sensor program or its Short Range Reconnaissance effort.

Lockheed Martin reshuffles executives

Lockheed Martin said it has tapped Frank St. John to lead its rotary and mission systems business, while Scott Greene will become chief of the company’s missiles and fire control unit, both effective Aug. 26.

SparkCognition names Work to advisory board

Artificial intelligence company SparkCognition said it has named former Deputy Defense Secretary Robert Work to its advisory board.

Rubrik names Kennedy to head federal business

Cloud data management company Rubrik named Tom Kennedy vice president of federal.

AIA hires French

The Aerospace Industries Association said it has named Mike French its vice president of space systems.

The week ahead

There are few events scheduled for the week ahead because of the Independence Day holiday. Congress is out.

'Smartest guy in the room': Pentagon R&D chief under fire after controversial firings

Key lawmakers are closely examining the behavior and decision-making of the Defense Department's technology chief, spurred by high-profile personnel departures from his office.

Griffin taps senior DARPA official as interim SCO director

The Pentagon's chief technology officer has tapped David Honey, a senior Defense Advanced Research Projects Agency official, to temporarily head the Strategic Capabilities Office. The move appears to pave the way for folding the SCO into DARPA, despite the concerns raised by combatant commanders and lawmakers.