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Defense Business Alert

October 01, 2018 | Daily News

The Pentagon, beset by congressional opposition and industry outcry, is backing off a controversial proposal that would have reduced defense contractor progress payments, according to a statement from Deputy Defense Secretary Pat Shanahan.

October 01, 2018 | Daily News

The development of the unmanned underwater vehicle market likely won't track the path of the unmanned aerial vehicle market, the chief executive of Huntington Ingalls said last week.

September 28, 2018 | Daily News

Defense Department organizations concerned with the state of their contractors' cybersecurity are assessing whether companies are meeting requirements for securing sensitive information on their networks.

September 27, 2018 | Daily News

The Air Force awarded a Boeing-Saab team a $9.2 billion contract today to build the next-generation T-X training jet -- the company's third major defense contract in the last two months.

September 26, 2018 | Daily News

House Armed Services Committee Chairman Mac Thornberry (R-TX) said today he and Senate Armed Services Committee Chairman Jim Inhofe (R-OK) have sent a letter to the Pentagon opposing plans to reduce defense contractor progress payments, arguing that doing so is "inconsistent" with congressional intent. (UPDATED)

September 24, 2018 | Daily News

MAG Aerospace, founded less than a decade ago, is seeking growth, hoping to expand into adjacencies and build a larger international business, according to its chief executive.

September 20, 2018 | Daily News

Defense industry organizations are criticizing a Pentagon proposal to reduce progress payments as disruptive and out of line with congressional intent.

September 19, 2018 | Daily News

NATIONAL HARBOR, MD -- Two L3 Technologies executives, both of whom joined the contractor this year, said the company's more integrated approach will open up opportunities, particularly in maritime work and in the international market.

September 14, 2018 | Daily News

The defense spending bill agreed to by conference negotiators limits how the Pentagon can spend its funding for cloud efforts, including the high-profile Joint Enterprise Defense Infrastructure initiative. 

September 13, 2018 | Daily News

Lockheed Martin today confirmed its venture capital arm has invested in Main Sequence Ventures, the VC firm managing the Commonwealth Scientific and Industrial Research Organization Innovation Fund.

September 12, 2018 | Daily News

The head of the Defense Security Cooperation Agency says cost waivers granted to countries buying U.S. weapons are key to securing arms deals, as some lawmakers have questioned the practice of giving billions in discounts to rich Middle Eastern nations.

September 10, 2018 | Daily News

Science Applications International Corp. said today it has agreed to acquire Engility in an all-stock deal worth $2.5 billion to create a $6.5 billion government services contractor.

September 06, 2018 | Daily News

The soon-to-be-released industrial base report overseen by the Pentagon includes “very detailed recommendations,” the Defense Department's top industrial policy official said Wednesday.

September 05, 2018 | Daily News

Under Secretary of Defense for Acquisition and Sustainment Ellen Lord said today the Pentagon is working on new standards for the procurement of intellectual property, something she acknowledged has long been a "thorny" issue between the government and defense contractors.

August 29, 2018 | Daily News

The Air Force Space and Missile Systems Center expects by September to begin implementing new procedures to hold contractors responsible for poor performance.

August 29, 2018 | Daily News

Lockheed Martin Ventures has made a second investment in Ocean Aero, the developer of the Submaran unmanned maritime vehicle.

August 29, 2018 | Daily News

The Defense Department maintains it will have multiple cloud computing providers in the future and is telling companies its cloud strategy "continues to evolve," as DOD prepares to respond to a protest against a potentially $10 billion solicitation. 

August 29, 2018 | Daily News

PAE, long known for maintaining facilities overseas for the State Department, has significantly expanded its reach, adding business process outsourcing and national security work, among other areas, to become a $2.5 billion contractor.

August 24, 2018 | Daily News

The Defense Department today moved to eliminate text in defense acquisition regulations that required major contractors to engage in "technical interchanges" with Pentagon employees to ensure independent research and development costs were considered allowable.

August 21, 2018 | Daily News

The coordinator of an influential Pentagon advisory panel says contractors who file bid protests against Defense Department acquisitions are slowing down efforts to modernize DOD's IT infrastructure.

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