Boeing plans to recast its Integrated Defense Systems business operation to focus on—wait for it—weapons capabilities rather than systems for military services or government agencies. It will drop from seven major business groups to three. The expected result: “reduced costs across the markets [Boeing] serves,” says Jim Albaugh, IDS president and CEO. The three capability areas are: Precision Engagement and Mobility Systems; Networks and Space Systems; and Support Systems.
Facing competition from fast-growing startups, Lockheed Martin is speeding up production of an “affordable, scalable” hypersonic glide body, dubbed the Next Generation Glide Body, the firm said in a June 24 release.