Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
This week's top story
Sens. Elizabeth Warren (D-MA) and Chuck Grassley (R-IA) have introduced bipartisan legislation aimed at tightening disclosure requirements for foreign ownership in Defense Department contracting, seeking to close what the lawmakers describe as persistent loopholes that allow opaque shell companies to access sensitive defense supply chains.
News & notes
A team of Democratic lawmakers concerned with the Pentagon's increased reliance on private equity investments is seeking answers from Defense Secretary Pete Hegseth, citing "national security threats and risks to taxpayers."
Lockheed Martin cut the ribbon this week on a new, 88,000-square-foot missile assembly plant in Courtland, AL, that the company said will begin manufacturing the Next Generation Interceptor -- the U.S. military's planned follow-on for the aging Ground-based Interceptors that form the backbone of homeland missile defense -- in 2027.
Northrop Grumman has named Apex as a key industry collaborator in its effort to demonstrate space-based interceptor capabilities for the Golden Dome for America initiative, with the pair targeting an on-orbit demonstration by 2027 -- one year ahead of the Pentagon's 2028 initial capability milestone.
TAMPA, FL -- Private capital will play a larger role in U.S. Special Operations Command's acquisition landscape, with the command having spent the past year fine-tuning its new Private Capital Investor Cohort (PCIC).
The Army’s Portfolio Acquisition Executive for Layered Protection and Integration plans to establish a technology accelerator with the goal of linking the private sector and the government with “national High-Performance Computing resources” to create a continuous innovation hub, according to a request for information posted last week.
After doubling distributed shipbuilding in 2025, HII aims to further increase production outsourcing by 30% in 2026 as it adjusts to rapidly growing demand from the Navy, according to CEO Chris Kastner.
Defense Department Chief Information Officer Kirsten Davies highlighted efforts to gain visibility through the launch of a massive licensing vehicle for Microsoft 365 services, which she argued will help with the implementation of zero-trust cybersecurity policies.
As Lockheed Martin begins to make headway on its vast framework agreements with the Pentagon to accelerate missile production, the company wants to encourage "operational discipline and excellence" across its entire enterprise, according to the company's CEO.
Appointments & promotions
Alabama-based shipbuilding subsidiary Austal USA has appointed Gene Miller to serve as its next president, according to a company announcement.
What's happening
The House Armed Services Committee marks up its version of the fiscal year 2027 defense authorization bill this week.
For Inside Defense subscribers
The three AUKUS nations have launched a new initiative to jointly develop payloads and enabling technologies for uncrewed undersea vehicles, with deliveries expected to begin in 2027, senior defense officials announced over the weekend.
Lawmakers are concerned the Army has not adequately defined its sustainment and sparing strategy for the Lower Tier Air and Missile Defense Sensor radar, advancing directive report language May 26 requiring the service to brief Congress on the issue -- a challenge that could undermine operational readiness for a program the Army has requested more than $2 billion to fund in fiscal year 2027 alone.
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