Defense Business Briefing -- Nov. 6, 2018

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

This week's top story

Pentagon moving on defense industrial base policy changes

The Pentagon in the coming year will be able to implement about one-third of the 300 classified policy recommendations in its recent report on the defense industrial base, according to Deputy Assistant Defense Secretary for Manufacturing and Industrial Base Policy Eric Chewning, who helped manage the study.

News & notes

Maxar wins three-year extension of EnhancedView program

Maxar Technologies' Digital Globe business has signed a three-year extension of its EnhancedView service-level agreement with the National Reconnaissance Office, adding $900 million to its backlog.

KeyW reports improved sales

KeyW said sales in its most recent quarter hit $126.7 million, up nearly 4 percent from the same three-month period a year earlier.

POGO unveils 'revolving door' tracker

The Project on Government Oversight has unveiled a "revolving door" tracker, documenting cases in which government officials went to work for companies they previously oversaw or regulated.

Northrop Grumman to settle False Claims Act allegations

Northrop Grumman has agreed to pay $25.8 million to settle claims it overstated the number of hours its employees worked on two battlefield communications contracts with the Air Force, the Justice Department said.

Kratos opens new target drone manufacturing facility

Kratos Defense & Security Solutions formally opened its new, 100,000-square-foot manufacturing facility in Oklahoma City, OK.

ManTech reports improved sales, profit

ManTech International said sales in its most recent quarter reached $497 million, up 18 percent from the same three-month period a year earlier.

CACI reports bolstered sales, profit, while Oshkosh records lower defense sales

CACI International said sales in its most recent quarter reached nearly $1.2 billion, up about 7 percent from the same three-month period a year earlier.

Engility reports lower sales, profit, while Aerojet reports gains

Engility said sales in its most recent quarter reached $471 million, down about 3 percent from the same three-month period a year earlier.

AM General invests in artillery company

AM General said it has invested in Mandus Group, a Rock Island, IL-based artillery company focused on soft-recoil technology.

Parsons to combine federal and infrastructure business units

Parsons said it is combining its federal and infrastructure business units and has tapped Carey Smith, who was president of Parsons Federal, to lead both units.

Maxar plans sale of geostationary communications satellite business

Maxar Technologies said it is actively talking with potential buyers for its geostationary communications satellite business.

Chao: 'This industry knows how to handle downturns'

The defense industry might be too cautious to fully take advantage of the improving budget environment, Pierre Chao said.

Appointments & promotions

Peraton names Stewart CFO

Peraton has named Alan Stewart chief financial officer.

Cassidy & Associates hires Johnson

Cassidy & Associates said it has named retired Army Col. Michael Johnson as senior vice president.

Aerojet Rocketdyne adds Chilton to board

Aerojet Rocketdyne said retired Air Force Gen. Kevin Chilton has been appointed to its board of directors, growing the board to nine members.

What's happening

The week ahead

The future of Congress hangs in the balance as midterm elections are held Tuesday. Meanwhile, several senior defense officials are scheduled to speak around the Washington area this week.

For Inside Defense subscribers

Pentagon cloud strategy points to 'multi-vendor' future, with centralized oversight

The Defense Department will pursue a computing environment featuring different types of clouds and multiple vendors, but the chief information officer's role as a central governing authority will be key to reaching an "optimized" environment, according to an overview of the Pentagon's cloud strategy.

Pentagon's cyber posture review driving new investments in security, potentially AI and machine learning

A recently completed review identified numerous gaps in the military's cyber posture and is now driving the Pentagon toward new investments in cybersecurity, including those featuring artificial intelligence and machine learning.