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

Peraton to reorganize into two sectors, two business units

Peraton, the former Harris government IT services business, is reorganizing from six business groups into four -- two sectors and two business units.

CSRA prepares to roll out milCloud 2.0

CSRA plans to launch milCloud 2.0, the cloud infrastructure program it won last year, in two locations on Feb. 1.

NRAC calls for 'Shark Tank' program, venture capital firm for Navy to keep autonomy edge

The Navy should take several steps, such as creating a venture capital firm and an internal "Shark Tank" program, to ensure its autonomy capabilities stay ahead of its adversaries, according to a new report by a Navy advisory panel.

Serco names Pottenger to board

Serco's U.S. business has named retired Vice Adm. Carol Pottenger to its board.

AAR chief executive to retire

David Storch, the chief executive of AAR Corp., is set to retire May 31, the company announced.

L3 names O'Reilly vice president of engineering

L3 Technologies has named retired Army Lt. Gen. Pat O'Reilly, former director of the Missile Defense Agency, corporate vice president of engineering, effective immediately.

Protest spotlight

The Government Accountability Office has denied a protest filed by DynCorp International over an Army aircraft maintenance contract.

The week ahead

The week features the expected release of the National Defense Strategy as well as House Speaker Paul Ryan discussing military readiness. Senior Pentagon officials also have several public engagements.

DOD's innovation accelerator plans continued expansion through FY-18

The new director of MD5, the Defense Department organization tasked with fostering civil-military relationships and innovation, sees his program continuing to grow its education offerings, expand its geographic reach and embark on more technology acceleration initiatives after securing the backing of Congressional appropriators.

Lawmakers welcome new DOD audit, but say it 'will not be pretty'

Members of the House Armed Services Committee today praised Pentagon Comptroller David Norquist for embarking on the first-ever full audit of the Defense Department, but acknowledged the task could take years.

Air Force asks industry to help E-3s comply with Open Mission Standard

The Air Force, about halfway into its E-3 Airborne Warning and Control System upgrade program, wants to bring the platform up to speed with open mission systems standards.