The INSIDER Daily Digest

Today's recap includes news on the president's veto of the FY-16 defense policy bill and more.

The president yesterday did what he said he would do:

Obama vetoes defense bill as budget impasse grinds on

President Obama vetoed the defense authorization bill Thursday in the latest episode of the ongoing battle over the federal budget.

Don't expect the Army to start a new combat vehicle program anytime soon:

Key official sees new Army ground combat vehicle out of reach

The three-star general overseeing the Army's modernization programs reiterated on Thursday the service's stance that commencing a new ground combat vehicle acquisition is not in the cards financially, while acknowledging that budgetary pressures aren't expected to let up anytime soon.

An RFP for the Navy's Ohio-class submarine replacement program is due out soon:

Navy Making Plans To Release SSBN(X) RFP That Will Result In $6B Contract

The Navy is making plans to release a request for proposals that will result in a $6 billion contract award for the Navy's top acquisition priority: the Ohio-class replacement program, according to a service official.

A continuing resolution won't help the Navy's heavyweight torpedo restart program:

Navy's heavyweight torpedo restart 'next to impossible' to execute under CR

The Navy's heavyweight torpedo restart program is "next to impossible" for the service to execute under a continuing resolution, according to an official.

The head of U.S. Strategic Command wants nuclear modernization:

STRATCOM chief cagey on FY-17 nuclear modernization discussions

Adm. Cecil Haney, head of U.S. Strategic Command, is adamant that the nation needs to invest in nuclear modernization, but offered little insight into ongoing Defense Department efforts to address the massive bill headed for the Pentagon's strained budget.

Raytheon issued its quarterly earnings statement yesterday:

Raytheon reports improved sales, decreased profit

Raytheon said Thursday that sales in its most recent quarter grew nearly 6 percent to hit $5.8 billion.

Harris Corp. is firming up its relationship with one particular small business:

As contractors look to small businesses, Harris embraces GovTact

As contractors zero in on partnering with small businesses, Harris is solidifying its relationship with small business Government Tactical Solutions, providing the company office space as part of a new mentor-protégé relationship.