The INSIDER Daily Digest

Today's recap includes news on Lockheed's quarterly earnings and more.

With earnings season upon us, our first look is at how Lockheed fared during the past quarter:

Lockheed expects to complete Sikorsky buy, services review by end of year

Lockheed Martin executives said Tuesday the defense contractor is on pace to complete two major reshaping initiatives by the end of the year.

Document: Defense Contractors' Third-Quarter 2015 Earnings Statements

Stay tuned for more earnings coverage from Inside Defense Defense Business Editor Marjorie Censer.

The chairmen of the House and Senate Armed Services committees spoke this week on the FY-16 defense authorization bill:

McCain, Thornberry preview FY-17 defense reform agenda

After authoring a defense authorization bill with the most comprehensive acquisition reforms in decades, the chairmen of the House and Senate armed services committees said Tuesday that fiscal year 2017 would be another banner year for defense reform.

Some V-22 Osprey news from this week's Inside the Navy:

Navy pushing 'envelope' of V-22 takeoffs, landings on aircraft carrier

The Navy is in the midst of flying the V-22 Osprey from the aircraft carrier Eisenhower (CVN-69) to "expand the envelope" of how the tiltrotor aircraft can take off and land on a carrier.

Marines cannot award V-22 Osprey contract under three-month CR

Under the existing congressional three-month continuing resolution the Marine Corps will not make its December deadline to award a V-22 Osprey tiltrotor contract -- the second time this deal has been in jeopardy -- to Bell-Boeing as part of the second multiyear contract.

A couple recent documents of note, in case you missed them:

Army's Combat Vehicle Modernization Strategy

The October 2015 document "establishes the ends for combat vehicle modernization, aligns the ways and prioritizes means. It guides Army programming and budgeting activities and provides the vision for future combat vehicle development."

CRS Report On The JLTV Program

The Oct. 14, 2015, Congressional Research Service report -- originally obtained by Secrecy News -- discusses the Joint Light Tactical Vehicle program.