Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
President-elect Biden has said he intends to nominate retired Army Gen. Lloyd Austin for defense secretary, putting a spotlight on the former four-star's time as a member of Raytheon Technologies' board of directors.
Contracting executives and industry associations have sent letters to Capitol Hill calling on Congress to extend a legislative provision that reimburses contractors for employees who are unable to work during the pandemic but are kept in a "ready state."
Lockheed Martin said its accelerated payments to suppliers should total more than $1 billion by the end of 2020.
ManTech International said it has acquired cybersecurity company Tapestry.
Leidos said it has agreed to acquire 1901 Group, which specializes in managed IT services and cloud solutions, for $215 million.
Following its completed acquisition, 1901 Group, which specializes in managed IT services and cloud solutions, will likely begin as a wholly owned subsidiary aligned with Leidos' defense group, according to the head of the defense business.
The bipartisan Congressional Oversight Commission charged with reviewing pandemic stimulus spending is pressing Pentagon acquisition chief Ellen Lord to provide more public information about the Defense Department's support for a controversial $700 million loan to a financially troubled trucking company.
AeroVironment said it has agreed to acquire German company Telerob Gesellschaft für Fernhantierungstechnik, which specializes in ground robotics, for $45.4 million in cash and will pay off $9.4 million of Telerob's debt.
Anduril Industries filed a protest with the Government Accountability Office Nov. 16 challenging the Air Force's narrow selection of companies eligible to bid on a task order supporting the Advanced Battle Management System program, according to a source familiar with the procurement.
BAE Systems last month sold off its commercial cybersecurity business to a private investor group.
Private-equity firm Bluestone Investment Partners has named contracting veteran Dennis Kelly to serve on its board of advisers and as executive chairman of its portfolio company Intrepid Solutions and Services.
Senior defense officials are scheduled to participate in several events this week. Meanwhile, Congress is working to pass a final spending deal before Friday's government shutdown deadline.
The Pentagon will soon roll out a revised version of its Trusted Capital program featuring a digital marketplace aimed at connecting dual-use technology companies with vetted venture capital, according to a Defense Department acquisition official.
The Pentagon's Joint Artificial Intelligence Center would get its own acquisition authority as part of the fiscal year 2021 defense policy bill.