Defense Business Briefing -- Feb. 20, 2018

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

This week's top story

Two private-equity firms make new investments in contracting market

Two firms last week announced new deals in the government contracting industry.

News & notes

As other contractors exit services market, General Dynamics bets big on it

L3 Technologies was one of the first to sell off its services business, spinning off what's now Engility in 2012. Lockheed Martin followed suit in 2016, divesting its information systems and global solutions unit.

Huntington Ingalls reports sales increase, profit decline in 2017

Huntington Ingalls said sales in 2017 reached $7.4 billion, up about 5 percent from a year earlier.

Pentagon announces industry day for cloud steering group

The Defense Department's cloud executive steering group will host an industry day next month to discuss its plans for a high-profile and often controversial commercial cloud acquisition, according to a Pentagon announcement.

Boeing joins General Atomics' MQ-25 Stingray team

General Atomics Aeronautical Systems announced Boeing Autonomous Systems will join its MQ-25 Stingray team.

European Commission OKs Northrop-Orbital ATK deal

Northrop Grumman said last week the European Commission has notified it that it has approved the contractor's planned acquisition of Orbital ATK.

Appointments & promotions

Serco North America adds Drew to board

Serco said Pamela Drew, a veteran government contracting executive, has been appointed to the board of its U.S. business.

Deep Water Point hires Moran

Management consulting firm Deep Water Point has hired retired Army Maj. Gen. Dennis Moran as a Defense Department subject matter expert.

GAO protest highlights

Protest spotlight

The Government Accountability Office has upheld a protest filed by BAE Systems over an Army intelligence support services task order.

What's happening

The week ahead

Several defense companies have scheduled earnings calls for the week ahead, while the Air Force Association's annual Air Warfare Symposium begins Wednesday in Orlando, FL.

For Inside Defense subscribers

Sikorsky files pre-award bid protest over data rights in UH-1N replacement program

Sikorsky last week filed a protest with the Government Accountability Office in a disagreement over the Air Force's data and software requirements for the UH-1N replacement program.

Oshkosh awarded $476 million contract for medium-size trucks

The Army has signed a seven-year contract with Oshkosh Defense valued at $476.2 million for the Family of Medium Tactical Vehicles A2 variant. The contract, posted Feb. 7, does not specify a quantity, but states there is no cap on the number of vehicles the Army can order.