The INSIDER daily digest

Kicking off this Budget Day Eve INSIDER Daily Digest with news on DOD strategic portfolio reviews and more.

The Defense Department has a new schedule for conducting strategic portfolio reviews:

Pentagon sets new agenda for FY-18 strategic portfolio reviews

The Pentagon has set a new agenda for strategic portfolio reviews meant to shape FY-18 budget resourcing, specifically focusing on seven key areas, according to an internal memo signed by Deputy Defense Secretary Bob Work.

Document: Work memo on strategic portfolio reviews

A preview of the Navy's FY-17 budget request:

Navy's FY-17 budget request to add additional Virginia Payload Module, SECDEF says

The Navy's fiscal year 2017 budget proposal will double down on future plans to boost the strike capability of its Virginia-class submarines by increasing the number of Virginia Payload Modules the service anticipates procuring in its five-year plan from one to two, according to Defense Secretary Ash Carter.

The head of defense contractor Kratos spoke with Inside Defense recently about the company's future plans:

Seeking growth, Kratos chief says company is investing in new technology

Focused on expanding its product sales in the United States and abroad, Kratos Defense & Security is using its own dollars to research new technology, according to the company's chief executive.

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The United States and South Korea are studying the possibility of deploying a THAAD missile-defense system on the peninsula:

U.S., South Korea eye new antimissile system after North Korea's satellite launch

On the heels of a satellite launch by North Korea that drew international condemnation, the United States and South Korea announced that the two countries would study the possibility of deploying a new missile-defense system on the peninsula.

The way DOD classifies its space programs could be up for some changes:

DOD reconsidering policy, logic around space system classification

The Defense Department is beginning to analyze its policy around space program classification levels, and is considering where it might make sense to make some protected program information available publicly or at lower classification levels.

Keep an eye out for Lockheed Martin delivering F-16 SLEP kits soon:

Lockheed to begin early F-16 SLEP kit-proof deliveries this summer

After completing durability tests last July for a key F-16 service-life extension program, prime contractor Lockheed Martin and the Air Force are on track to complete the teardown of the aircraft next month, and will begin delivering upgrade kits this June.

The Navy's Multi-Stage Supersonic Target (MSST) program is no more:

Navy terminates advanced anti-ship cruise missile target program

The Navy has canceled a program to develop target vehicles representing advanced anti-ship cruise missiles used by countries like China and Russia due to soaring cost overruns and test failures, the Pentagon's top weapons tester revealed in his latest annual report.