Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
L3 Technologies made multiple leadership changes in 2018, and more than 70 vice presidents left the company, the chief executive disclosed.
LMI said it has acquired the Tauri Group, a contracting firm focused on national and homeland security.
BAE Systems said it has signed a new lease for a roughly 200,000-square-foot campus in Manchester, NH, growing its presence in the state.
The number of new vendors joining the federal contracting market as prime contractors grew from 2001 to 2006, but then sharply decreased from 2007 to 2013, according to a report by the Center for Strategic and International Studies.
Booz Allen Hamilton said sales in its most recent quarter reached $1.7 billion, up 13 percent from the same three-month period a year earlier.
Northrop Grumman has consolidated two groups within its technology services business, seeking to bolster the unit's high-end work.
CACI International said it has agreed to acquire LGS Innovations as well as Mastodon Design for a total of $975 million.
General Dynamics said it recorded $10.4 billion in sales during its most recent quarter, marking a 25 percent boost over the same three-month period a year earlier.
Mercury Systems said it has acquired Mesa, AZ-based GECO Avionics.
Maxar Technologies said its SSL business has opted to no longer participate in the Defense Advanced Research Projects Agency's Robotic Servicing of Geosynchronous Satellites program because of "a need to focus its resources on ensuring optimal returns when weighed against other capital priorities."
Lockheed Martin said sales in its most recent quarter reached $14.4 billion, up about 4 percent from the same three-month period a year earlier.
The fiscal year 2020 budget request planned for this week has been delayed, but senior Pentagon officials are scheduled to discuss funding plans at congressional hearings and think tank events. Meanwhile, President Trump is slated to deliver his State of the Union address.
The Pentagon will as soon as March increase cybersecurity requirements for contractors working on "critical" technology programs.
The Pentagon is directing its acquisition workforce to better assess and enforce contractors' compliance with cybersecurity requirements, as officials are particularly concerned about adversaries stealing sensitive data from companies further down the supply chain.
The Pentagon wants to negotiate a solution for software rights allowing contractors to maintain their intellectual property and profit incentives, while also allowing for more open sharing of software capabilities and development across weapon systems, according to a Defense Department adviser.