Defense Business Alert

The Pentagon inspector general announced it will start an audit this month to determine whether TransDigm Group's "business model affects the DOD's ability to pay fair and reasonable prices for spare parts."

Leidos' defense group, reshaped last year as part of a company-wide reorganization, is seeking to make "disruptive investments" in new technology, according to its chief.

Following controversy over its plans to change the way it manages progress payments, the Pentagon says it will now seek fiscal year 2020 funds for a study of how its contract financing and profit policies affect the defense industry.

The Air Force is requesting the U.S. Court of Federal Claims dismiss SpaceX's recent protest of the service’s launch vehicle development competition, arguing the court does not have jurisdiction to consider the case.

The Pentagon is setting new requirements for the TransDigm Group after the Defense Department inspector general found the company was reaping excessive profits.

The House and Senate Armed Services committees have approved legislation that would require a review of the Pentagon's use of fixed-price contracts.

The proposed merger between Raytheon and United Technologies is likely to move forward without government intervention, analysts said, and could lead to another wave of consolidation within the defense industry.

Tom Kennedy, the chief executive of Raytheon, first approached Greg Hayes, the CEO of United Technologies Corp., about the possibility of a merger in 2018.

Raytheon and United Technologies Corp. announced today they have agreed to combine in an all-stock “merger of equals” to create a new company dubbed Raytheon Technologies Corp.