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

Aerojet Rocketdyne acquires 3D Material Technologies

Aerojet Rocketdyne said late last week it has acquired additive manufacturing company 3D Material Technologies. Terms of the deal were not disclosed.

DOD eyes amendments to fixed-price contract regulations

The Defense Department is considering several changes to acquisition regulations that establish a preference for fixed-price contracts, according to a Federal Register notice.

SAIC reports sales boost

Science Applications International Corp. said sales in its most recent quarter reached $1.2 billion, up 6 percent from the same three-month period a year earlier.

Orolia acquires Skydel Solutions

Orolia, which specializes in resilient positioning, navigation and timing technology, said it has acquired Skydel Solutions, a Canadian GPS/GNSS signal simulation company.

Parsons moves toward initial public offering

Parsons said it has "confidentially" submitted a draft registration statement to the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

Booz Allen Hamilton announces new digital hub in Ohio

Booz Allen Hamilton said it expects to create 60 new jobs in Ohio by 2021 as it opens a digital hub in the state.

General Dynamics taps Smith to lead marine systems business

General Dynamics said it has named Robert Smith executive vice president of its marine systems segment, effective July 1.

LinQuest, acquired last year, names Dills chief executive

Less than a year after being acquired by private equity, LinQuest has named Timothy Dills, a former Scitor executive, its chief executive.

Lockheed hires Denker

Lockheed Martin said it has appointed retired Air Force Maj. Gen. Stephen Denker, the former deputy director of the National Reconnaissance Office, to oversee intelligence and analytic development programs for space ground systems within the company's mission solutions business.

Raytheon announces new presidents of RMS and IDS

Raytheon said it has named Wesley Kremer president of Raytheon Missile Systems, succeeding Taylor Lawrence, who will retire July 14.

The week ahead

The week ahead is packed with congressional hearings as senior Pentagon officials head to Capitol Hill to make the case for the fiscal year 2020 budget.

DOD likely to begin auditing contractors on cybersecurity in 2020

The Pentagon is still about 18 months away from measuring contractor cybersecurity as part of the acquisition process, but the Defense Department is moving forward this year with developing the metrics and establishing relationships with third-party auditors.

Pentagon studying 5G impacts, will experiment with 'use cases'

Three Defense Department advisory boards are set to undertake formal studies on how 5G networks will impact the military, with the Pentagon’s research and engineering directorate planning to experiment with 5G “use cases” later this year, according to DOD’s acquisition chief.

Pentagon seeks budget boost for expanded Defense Innovation Unit

The Pentagon is requesting $164 million for the Defense Innovation Unit in fiscal year 2020, a big budget boost for DIU as its responsibilities expand into managing a new fund for dual-use hardware technologies.