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

SAIC to acquire Engility in $2.5 billion deal

Science Applications International Corp. said it has agreed to acquire Engility in an all-stock deal worth $2.5 billion to create a $6.5 billion government services contractor.

Chewning: Industrial base report includes 'robust classified annex' with 'detailed recommendations'

The soon-to-be-released industrial base report overseen by the Pentagon includes "very detailed recommendations," the Defense Department's top industrial policy official said.

Lord: Pentagon drafting new intellectual property acquisition standards

Under Secretary of Defense for Acquisition and Sustainment Ellen Lord said the Pentagon is working on new standards for the procurement of intellectual property, something she acknowledged has long been a "thorny" issue between the government and defense contractors.

AeroVironment reports bolstered sales, profit

AeroVironment said sales in its most recent quarter hit $78 million, up 127 percent from the same three-month period a year earlier.

LMI hires Karony

LMI said it has named retired CIA officer Bradford Karony director of national security operations.

Raytheon adds Pawlikowski to board

Raytheon said its board of directors has elected retired Air Force Gen. Ellen Pawlikowski as a director, effective immediately.

General Atomics hires MacFarland

General Atomics Electromagnetic Systems said it has hired retired Army Lt. Gen. Sean MacFarland to serve as vice president of weapons program strategic development.

Cubic promotes Knowles

Cubic said it has named Michael Knowles president of Cubic Global Defense, effective Oct. 1.

The week ahead

Congress this week continues to debate the "minibus" containing the $675 billion defense spending bill, while senior Pentagon officials are scheduled to speak around the Washington area.

U.S. looks to November policy meeting to push foreign drone sales

The United States will propose changes to how the Missile Technology Control Regime guides exports of unmanned aerial systems at an upcoming annual meeting, as officials want to enable U.S. companies to compete with countries like China for foreign UAS sales.

CYBERCOM's acquisition efforts off to slow start

U.S. Cyber Command has had acquisition authority for more than two years, but the increasingly important command has struggled to make full use of its buying powers due to workforce gaps.