The week ahead

Insiders should be prepared for a busy week as the House Armed Services Committee considers the proposed fiscal year 2017 defense authorization bill, while Defense Secretary Ash Carter heads to the Hill for back-to-back hearings. Major defense contractors have also scheduled a host of earnings calls.

Tuesday

The Senate Armed Services Committee will hear from Pentagon officials on the progression of the F-35 Joint Strike Fighter program.

Lockheed Martin is set to hold a call on its quarterly earnings at 11 a.m.

Wednesday

The full House Armed Services Committee will begin marking up the proposed FY-17 defense authorization bill at 10 a.m., but is not expected to complete its work until very early the following morning.

Carter and Chairman of the Joint Chiefs Gen. Joseph Dunford are scheduled to testify before the Senate Appropriations defense subcommittee on the FY-17 budget submission

Boeing, General Dynamics, L-3 Communications, Leidos, ManTech International, NCI and Northrop Grumman are set to discuss their quarterly earnings reports.

The Senate Armed Services Committee will hear from Carter and Dunford on the current strategy to counter the Islamic State of Iraq and the Levant.

Oshkosh and Raytheon are slated to hold calls on their quarterly earnings.