The INSIDER daily digest

The House's version of the FY-17 defense appropriations bill and more highlight this Tuesday INSIDER Daily Digest.

Coverage of the House version of the FY-17 defense spending bill:

White House threatens to veto House defense spending bill

White House officials will recommend that President Obama veto the proposed House defense appropriations bill if it is passed in its current form, citing opposition to a fiscal maneuver that would shift $16 billion from the Pentagon's warfighting account to its base budget, according to a new statement of administration policy from the Office of Management and Budget.

Document: Statement of administration policy on the House's FY-17 defense spending bill

House lawmakers paving way for U.S.-Israel cooperation on directed-energy weapons

House lawmakers are paving the way for a significant expansion of missile defense cooperation with Israel that could require the Pentagon to begin working with the defense ministry in Tel Aviv on directed-energy projects, adding a new dimension to efforts to assist Israel in developing and improving an indigenous capability to shoot down ballistic and cruise missiles, rockets and more.

Looks like the Air Force will be conducting a study of its space-based weather monitoring capability:

JROC wants Air Force to explore 'material solution' for weather gaps

The Joint Requirements Oversight Council has directed the Air Force to explore a "material solution" as an option to address two glaring gaps in the service's space-based weather monitoring capability, and the service expects to return with a refined list of opportunities by the fall.

Private equity M&A activity is good for services contractors:

CEOs praise private equity and consolidation in contracting industry

The chief executives of four services contractors said Tuesday the market isn't getting easier, but their private-equity ownership has proved helpful.

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A timeline for when the Navy's final demonstration for the Fuel Burn Reduction program will take place:

P&W Exec: Final demo for F135 Fuel Burn Reduction program slated for 2017

HARTFORD, CT -- The final demonstration for the Navy's Fuel Burn Reduction program on the Joint Strike Fighter engine is slated for the first half of calendar year 2017, according to a Pratt & Whitney executive.

A preview of Ohio-class replacement ballistic missile submarine program funding:

HII CEO predicts SSBN(X) funding will become an annual discussion

Huntington Ingalls industries chief executive officer predicts funding the Ohio-class replacement ballistic missile submarine program will be an annual discussion unless a mechanism is created similar to the Pentagon's wartime funding account.