Defense Business Briefing -- March 6, 2018

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

This week's top story

Lockheed looks to regulatory and acquisition reform in 2018

Reforming regulations and the acquisition process will be two areas of policy focus for Lockheed Martin in 2018, according to the company's chief executive.

News & notes

Chief of Forcepoint's governments unit seeks growth in critical infrastructure

The head of Forcepoint's global governments unit is seeking to grow the company's longstanding work in cross-domain and insider threat work, while also building its more traditional cybersecurity business in critical networks and other areas.

Hewson: 'We are seeing more consolidations'

The defense industry is seeing additional consolidation, which Lockheed Martin is monitoring, the company's chief executive said.

Pentagon dials back nearly $1B cloud services agreement to $65 million

The Pentagon has lowered a controversial cloud services production agreement to just $65 million, limiting the services to U.S. Transportation Command, after it was initially awarded as a nearly $1 billion agreement available to the entire Defense Department.

Vectrus, Engility report sales declines

Vectrus said its 2017 sales reached $1.1 billion, down about 6 percent from the prior year.

L3 acquires minority stake in nanotechnology company

L3 Technologies has acquired a minority stake in nanotechnology firm Peak Nano Optics.

Kratos to sell public safety and security system integration business

Kratos Defense & Security Solutions has agreed to sell its public safety and security system integration business for $69 million to Securitas Electronic Security.

BWX Technologies reports sales increase

BWX Technologies, which builds the nuclear reactors used on Navy aircraft carriers and submarines, said sales in 2017 reached nearly $1.7 billion, up about 9 percent from 2016.

Appointments & promotions

Dugle named chair of Engility board

Engility said Lynn Dugle, the company's chief executive, has been elected chairwoman of its board of directors.

What's happening

The week ahead

A slew of appearances by senior Pentagon and Capitol Hill officials are scheduled for this week at a variety of conferences and congressional hearings.

For Inside Defense subscribers

Nominee to lead CYBERCOM cites private-sector vulnerabilities as top threat

Cyber vulnerabilities among contractors in the defense industrial base pose a top threat to U.S. national security and require a new, "comprehensive" approach, according to the nominee tapped to lead U.S. Cyber Command and the National Security Agency.

Navy testing Amazon Web Services usage amid Pentagon cloud push

While the Pentagon grapples with migrating its operations to the cloud, the Navy is in the middle of field testing a personnel system hosted on similar technology.