Defense Business Briefing -- June 14, 2022

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

This week's top story

Dem lawmakers push bill to stop defense contractor 'price gouging'

As lawmakers prepare to craft the annual defense authorization bill, two senior Democrats from the House and Senate have authored legislation they say would stop defense contractors from “price gouging” the military by strengthening existing acquisition regulations by, among other things, requiring contractors to provide new cost and pricing data.

News & notes

GM Defense seeks international opportunities with new entity

GM Defense will pursue and manage business in international markets through a newly created legal entity, the company announced June 13.

Army is 'underestimating' risk in small arms industrial base, House panel warns

A House panel wants the Army to provide a briefing to the House Armed Services Committee on the small arms industrial base because the service's current procurement strategy leaves its manufacturing capabilities at risk, according to a provision suggested for the annual defense policy bill.

GAO: Navy's submarine programs face cost overruns and delays as industry builds two subs at once

As shipbuilders juggle the construction of two submarine programs at once, the Columbia- and Virginia-class programs are facing delays and growing costs, according to an annual Government Accountability Office review of the Defense Department's major weapon systems.

What's happening

The week ahead

The Senate Armed Services Committee will vote this week on its version of the fiscal year 2023 defense authorization bill.

For Inside Defense subscribers

Vaunted Defense Innovation Unit nearing inflection point

The Defense Innovation Unit, known for being the Pentagon's Silicon Valley outreach team, could be headed for a crossroads as it is poised to lose its longest-serving leader at a time when some in Congress -- critical of top military officials' commitment to the highly visible but small-budget organization -- are rallying to boost investment in the outfit.

Pentagon cyber chief: DOD plan to meet CUI controls goes 'above and beyond CMMC'

Pentagon cyber chief David McKeown says military officials are focused on ensuring their systems that deal with sensitive data are held to standards "above and beyond" the Cybersecurity Maturity Model Certification framework that applies to defense contractors who handle controlled unclassified information.