Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Lockheed Martin confirmed its venture capital arm has invested in Main Sequence Ventures, the VC firm managing the Commonwealth Scientific and Industrial Research Organization Innovation Fund.
A long-awaited defense industrial base report slated for release this week has again been delayed, according to the Pentagon.
House and Senate appropriators have agreed to allocate nearly $50 million in fiscal year 2019 for industrial base analysis and sustainment.
The plans to create a Space Force could boost Aerojet Rocketdyne's business, the company's chief executive said.
The Pentagon and White House have delayed the public release of a much-anticipated defense industrial base report amid the approach of Hurricane Florence along the Carolina coast.
Oshkosh said this week Thomas Hawkins has been named senior vice president for government relations, while Jay Kimmitt, the company's longtime government operations chief, will retire at the end of the year.
L3 Technologies said it has named Sean Stackley, hired early this year, president of its communications and networked systems business.
Harris Corp. said it has named Dana Mehnert president of its communication systems business, effective Sept. 30.
Senior Pentagon officials will appear at events around the Washington area this week, including the Air Force Association's Air, Space and Cyber Conference. Meanwhile, Defense Secretary Jim Mattis is traveling to Macedonia.
The defense spending bill agreed to by conference negotiators limits how the Pentagon can spend its funding for cloud efforts, including the high-profile Joint Enterprise Defense Infrastructure initiative.
The head of the Defense Security Cooperation Agency says cost waivers granted to countries buying U.S. weapons are key to securing arms deals, as some lawmakers have questioned the practice of giving billions in discounts to rich Middle Eastern nations.
The Pentagon since 2011 has been unable to prove that a series of internal efficiency initiatives have saved billions and its latest effort may be headed for a significant disruption.