The INSIDER daily digest

Breaking news on the Navy's fielding of a new anti-ship missile leads off today's INSIDER:

Navy to deploy modified SM-6 with anti-ship capability this fall

The Navy will deploy this fall the modified version of the supersonic Standard Missile-6 that is capable of targeting enemy ships, the service has confirmed.

The Air Force is in a tussle with Congress over the contract it awarded for its new strategic bomber. Yesterday an Air Force official told a Senate panel how much it will cost to break that contract:

Air Force: Breaking B-21 bomber contract could cost more than $300M

The Air Force estimates it would cost more than $300 million to restructure the next-generation B-21 bomber contract from a cost-plus to a fixed-price contract, according to the service's military deputy for acquisition.

In the business arena, some company executives see more mergers down the road:

Contracting executives predict more acquisitions ahead

The executives who oversaw some of the largest recent deals in the government contracting industry said Wednesday their companies should not be counted out of future acquisitions, but suggested their focus will shift to smaller deals.

From the folks at Inside Cybersecurity news that the Pentagon will issue a new regulation this year:

DOD aims to issue cyber-incident reporting regulation by fall

The Pentagon is planning to release the final version of its cyber-incident reporting regulation for the defense industry by early fall.

Tough news for some Lockheed employees:

Lockheed Martin Aeronautics announces voluntary layoff program

Lockheed Martin on Tuesday announced a voluntary layoff program in its aeronautics business that is meant to cut employment by about 1,000 positions.