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

Lockheed Martin says winning prices in three major programs would have generated $5 billion loss

Had Lockheed Martin matched the winning prices in three major programs it lost in recent months, it would have incurred losses of more than $5 billion, according to the contractor's chief executive.

Hitachi Vantara Federal CEO says REAN acquisition will add six contracts

Hitachi Vantara has closed on its acquisition of REAN Cloud, whose federal work will add six contracts to Hitachi Vantara Federal, according to the company's chief executive.

SAIC opens 'Innovation Factory'

Science Applications International Corp. said it is opening a virtual lab environment -- dubbed an "Innovation Factory" -- to help it "move at a pace similar to startups."

Analysts say they expect additional consolidation following L3-Harris merger

Analysts said they don't expect the planned merger of Harris and L3 Technologies to generate antitrust concerns and said the deal is likely to spur additional consolidation.

Textron Systems reports lower sales, profit

Textron Systems reported sales in its most recent quarter reached $352 million, down from $458 million the prior year.

Section 813 panel recommendations will be mainly 'things DOD could do tomorrow'

The industry-government advisory panel on technical data rights -- set to influence Pentagon intellectual property reform -- has put together a slate of recommendations that mainly could be implemented without legislative changes.

Enlightenment Capital forms new platform

Investment firm Enlightenment Capital said it has merged four of its previous defense and intelligence acquisitions to form the EverWatch platform, a government services company specializing in defense, intelligence and deployed mission support.

DOD to host artificial intelligence industry day focused on five key areas

The Defense Department's Project Maven team and its new Joint Artificial Intelligence Center are slated to meet with private companies next month to discuss five key areas in AI for the military.

Senior defense committee Democrat wants to stop U.S. weapon sales to Saudi Arabia

Sen. Jack Reed (D-RI), the ranking Democrat on the Senate Armed Services Committee, said Wednesday that all U.S. sales of offensive weapons to Saudi Arabia should be halted pending an international investigation into the disappearance of Washington Post columnist Jamal Khashoggi.

Vectrus hires Boyle

Vectrus said it has named Kevin Boyle chief legal officer and general counsel.

The week ahead

The top defense companies will hold a series of earnings calls this week, while senior Pentagon officials are scheduled to appear at events around the Washington area.

Pentagon acquisition chief tightens oversight of new rapid prototyping programs

Pentagon acquisition chief Ellen Lord is increasing oversight of developmental weapon programs for which the military seeks to use a new rapid prototyping authority granted by Congress.

Pentagon tech advisers plan public listening tour to feed recommendations on AI ethics for the military

The Defense Innovation Board will seek wide-ranging input in the coming months before making recommendations to Pentagon leadership on principles to guide the military's use of artificial intelligence, as employees at multiple technology companies remain opposed to working on AI for the Defense Department.