Defense Business Briefing -- Nov. 2, 2021

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

This week's top story

DOD under pressure as contractors prep for possible disruptions triggered by vaccine mandate

Major defense companies are bracing for workforce and supply chain disruptions related to the federal mandate requiring all government contractors be fully vaccinated against COVID-19 by Dec. 8.

News & notes

ManTech buys Gryphon Technologies for $350M

ManTech International announced it has agreed to buy Washington, DC-based Gryphon Technologies from AE Industrial Partners for $350 million.

Textron CEO: Employees will quit over vaccine mandate

Textron expects some employees will quit their jobs rather than comply with the coronavirus vaccine mandate for government contractors, and the company has accelerated its hiring of new workers, according to Textron's chief executive.

L3Harris touts progress on F-35 Technology Refresh 3

L3Harris is making "good progress" on a major F-35 technology refresh effort, following significant delays and cost growth in recent years, according to the company's CEO.

Hanwha seeks to participate in Army howitzer programs

Hanwha Defense, a South Korean company that opened its American division in 2018, hopes to demonstrate and offer its technology to the U.S. Army for the Extended Range Cannon Artillery and other self-propelled howitzer programs, according to John Kelly, the president of Hanwha Defense USA.

Oshkosh predicts lower defense revenue on JLTV cuts

Oshkosh Corp. expects the military will slow its purchases of the Joint Light Tactical Vehicle in the coming years, but that total acquisition objectives will remain stable, executives said during the company's quarterly earnings call.

General Dynamics: Polish Abrams sales could take two years to finalize

A sale of roughly 250 M1A2 SEPv3 Abrams tanks to Poland might not be finalized for another two years, according to General Dynamics' chief executive.

Lockheed says F-35 production re-baseline contributed to projected 2021 revenue drop

Lockheed Martin is projecting a 2.5% drop in 2021 revenue, due in part to a re-baseline of the F-35 Joint Strike Fighter's production plan.

Lockheed CEO: Aerojet Rocketdyne acquisition now expected to close in 2022

Lockheed Martin is now projecting its acquisition of Aerojet Rocketdyne will close in the first quarter of calendar year 2022, rather than the fourth quarter of this year, as previously expected.

Roper: Market bridges needed to field new Navy technologies

A former Pentagon official is arguing the only way to save what is seen as an eroding industrial base is to build a new market bridge between the Navy and industry. 

Promotions and appointments

Plunkett joins Mercury board, O'Brien appointed board chairman

Mercury Systems announced Debora Plunkett, former director of information assurance at the National Security Agency, was elected to the company's board of directors.

Wells joins Mercury Systems as EVP of microelectronics division

Mercury Systems announced that Roger Wells has been hired as executive vice president and president of the company's microelectronics division.

What's happening

The week ahead

Senior defense officials are slated to speak at a conference this week focused on U.S. special operations.

For Inside Defense subscribers

DOD sends Congress classified blueprint for potential Guam Defense System

The Pentagon has outlined for Congress options for a new integrated air and missile defense of Guam in a classified report that marks the latest development in a long-running internal Defense Department debate over the efficacy of such as system, outlining a potential capability that uses elements of the Aegis Ashore as a building block and ties in Army technologies.

Navy to submit 30-year ship repair plan with FY-23 budget

The Navy will submit both a 30-year shipbuilding plan and a 30-year ship repair plan with its fiscal year 2023 budget request, according to the service’s acting top acquisition official.

Garamendi pushes for more details on services' near-term depot modernization priorities

The chairman of the House Armed Services readiness subcommittee wants more details from the military services on their near-term funding and execution plans for modernizing their depot facilities.