Defense Business Briefing -- Aug. 21, 2018

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

This week's top story

Huntington Ingalls hunts for new opportunities with technical solutions division

When Huntington Ingalls Industries bought Camber in late 2016, it paired the government services company with six other businesses -- from an oil and gas company to its unmanned systems group -- to create a new division called technical solutions.

News & notes

Prior predicts 'another wave of consolidation'

Larry Prior, the former chief executive of CSRA, which was sold to General Dynamics earlier this year, said he expects additional consolidation among government contractors.

Boeing to acquire Millennium Space Systems

Boeing said it would acquire Millennium Space Systems, which provides small-satellite solutions, in a bid to expand Boeing's satellite and space portfolio.

General Atomics to expand in North Dakota

General Atomics Aeronautical Systems said it would expand its Flight Test and Training Center near Grand Forks, ND.

CACI acquires naval business from General Dynamics

CACI International said it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA.

Aerojet Rocketdyne to expand Arkansas facility

Aerojet Rocketdyne said it would expand its Arkansas facility, where it builds solid-rocket motors and warheads.

Perspecta reports sales boost

Perspecta said sales in its most recent quarter hit $793 million, up 17 percent from the same three-month period the prior year.

What's happening

The week ahead

The Senate will meet to consider the defense appropriations bill this week, while the Senate Armed Services Committee holds a nomination hearing for several key Pentagon positions. Senior defense officials are also scheduled to speak at various conferences around the Washington area.

For Inside Defense subscribers

Spanish firm establishes U.S. industrial operation in Michigan

SAPA Transmission, the U.S. subsidiary of a Spanish defense contractor, is moving forward with support from the state of Michigan to establish a bona fide industrial operation there, advancing plans for a domestic manufacturing beachhead to challenge the Pentagon's two long-standing combat vehicle transmission suppliers.

Industry groups tout legislation aimed at drastically reducing background investigations backlog

Industry groups are pushing Congress to compel the government to take steps to drastically reduce the backlog of background investigations as the Pentagon readies to take over the investigative process.

Mixed views as Trump scraps Obama order on offensive cyber actions

Industry sources and Obama administration veterans are expressing concerns about President Trump's decision to scrap Presidential Policy Directive-20 -- which has guided the use of cyber weapons by the military -- while other sources say this simply removes bureaucratic hurdles that have undermined cyber deterrence policy.