Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Raytheon and United Technologies held a "joint kickoff" event for their integration process, according to a top Raytheon executive.
Booz Allen Hamilton is "pedal to the metal on hiring," according to its chief executive, as its headcount surged to more than 26,000 in the most recent quarter.
Following lower profit margins, Raytheon has taken steps to put "normal best practices" in place in its missile systems business unit, the company's chief executive said.
Raytheon is focused on both hypersonics and counter-hypersonics, but the latter is so far creating a larger market, according to the company's chief executive.
Sen. Richard Blumenthal (D-CT) said he'd like information about the "consideration and criteria" the Pentagon will use when reviewing the planned merger between Raytheon and United Technologies, given the consolidation trend underway.
Mark Esper, whom the Senate confirmed as defense secretary today in an overwhelming, bipartisan 90-8 vote, has sent a letter to Sen. Elizabeth Warren (D-MA) pledging to recuse himself from any decisions about a proposed merger between Raytheon, his former employer, and United Technologies.
Some of the largest defense contractors reported higher quarterly sales and profit.
Lockheed Martin has already taken actions to address Turkey's suspension from the F-35 program and expects limited "future production or sustainment impact," the contractor's chief executive said.
Lockheed Martin, buoyed by two new wins, now estimates the total value of its hypersonic business at more than $3.5 billion, according to the company's chief executive.
Federal employees at the National Background Investigation Bureau were notified today their office will be realigned from the Office of Personnel and Management to the Defense Department's Defense Counterintelligence Security Agency on Sept. 29.
Blue Delta Capital Partners said it has added Donna Morea and Deepak Hathiramani to its advisory board.
Two major Pentagon nominations are scheduled to be considered this week, while large defense contractors hold a series of earnings calls.
Republican lawmakers are imploring the Trump administration to delay the award of a massive enterprise cloud contract until the Defense Department inspector general investigates potential conflicts of interest, but DOD says it has already examined those allegations and found they did not affect the acquisition process.
A new Defense Department inspector general audit has found DOD agencies routinely failed to check whether defense contractors were protecting sensitive information on their networks with the required security controls.