Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
The Pentagon is moving forward with plans to score defense companies on cybersecurity, similar to measuring credit scores, as one Defense Department official says DOD's current efforts regarding contractor cybersecurity are not sufficient.
Leidos said sales during its most recent quarter reached $2.7 billion, up about 5 percent from the same three-month period a year earlier. Quarterly profit hit $188 million, up 65 percent from the prior year.
Perspecta said sales in its most recent quarter reached $1.1 billion, up 49 percent from the same three-month period a year earlier.
The Aerospace Industries Association has been 'working closely' with the Defense Department as DOD weighs how to revamp its approach to progress payments and performance-based payments.
Huntington Ingalls Industries said sales in its most recent quarter reached $2.2 billion, up 10 percent from the same three-month period a year earlier.
Applied Insight has acquired Applied Technology Group and Stratus Solutions in an effort to "strengthen Applied Insight’s advanced cloud, analytics and artificial intelligence capabilities."
Northrop Grumman has named Om Prakash chief executive of Northrop Grumman Japan.
Northrop Grumman said it has named Chris Deeble chief executive of Northrop Grumman Australia.
Senior Pentagon officials are scheduled to speak around the Washington area this week. Congress is out.
The Pentagon's acquisition office is set to host a meeting where officials will begin hashing out a permanent policy for "middle-tier acquisition" programs after allowing the services to experiment with the streamlined authority over the past year.
The Pentagon plans to work with a range of commercial companies to rapidly develop artificial intelligence capabilities "responsibly and ethically," according to a new Defense Department strategy.