Vincent Viola, founder and executive chairman of electronic trading firm Virtu Financial, will be nominated by President-elect Donald Trump to the no. 1 civilian post at the U.S. Army, the transition team said Monday.

Viola led multiple high-performing teams during his time with the Army as an infantry officer and supported national security efforts even after he retired from military service.

He was commissioned a second lieutenant in 1977, served in the 101st Airborne Division and remained an Army Reserve member after he left active duty.

He also helped establish the Combating Terrorism Center in West Point, New York, as part of his post-9/11  philanthropic support to the service branch.

His private-sector career also includes time as a trader and chairman at the New York Mercantile Exchange as well as founder of various companies that include Pioneer Futures and the Independent Bank Group.

The U.S. Navy has unveiled a new shipbuilding plan that seeks to increase the service branch’s battle force fleet to 355 ships within the next three decades, USNI News reported Friday.

Sam LaGrone and Megan Eckstein write the 2016 Force Structure Assessment represents a 47 increase in combat vessels from the targeted fleet size of 308 ships set by the military branch in its 2014 FSA.

The Navy called the 355-ship goal a “minimum force structure” in order to comply with the Defense Department’s strategic guidance.

The new plan calls for the service branch to add 18 attack submarines, 16 large surface combatants, eight additional auxiliary ships, four amphibious assault ships and one more aircraft carrier to the current 308-ship requirement, LaGrone and Eckstein report.

The 2016 FSA would retain the 2012 requirement for small surface combatant vessels such as littoral combat ships and frigates at 52, USNI News added.

Several General Dynamics subsidiaries such as Bath Iron Works, Electric Boat and NASSCO are likely to experience an increase in shipbuilding work if the Navy advances its plan for additional attack submarines, destroyers and support vessels, according to a report by Kevin Miller for Portland Press Herald.

Navy Secretary Ray Mabus said the 2016 FSA seeks to recognize the need for a larger fleet in order to protect the U.S. and its strategic interests, support counterterrorism efforts and deal with threats posed by Russia and China, Miller reported.

Hugh Lessig also reports for Daily Press that a new Congressional Research Service report says a fleet size of 350 ships would require the addition of $4 billion in annual funds to approximately $16.3 billion in shipbuilding budget.

Lessig notes that Huntington Ingalls Industries is another shipbuilder that would likely see a rise in ship construction work under the service branch’s fleet expansion plan.

Beci Brenton, a spokeswoman for HII, said in a statement that the company would leverage its suppliers and production lines to “build the full range of warships that our nation may require,” the report added.

Richard Matlock, program executive for advanced technology at the Missile Defense Agency, has said the U.S. needs to shift from a ground-based missile defense system to a space-based architecture to help address evolving threats, Space News reported Thursday.

Matlock told a Missile Defense Advocacy Alliance-hosted forum that the U.S. should augment the Space-Based Infrared System with in-orbit satellites and systems designed to detect, track and target missiles, according to the report by Phillip Swarts.

“As we examine the impact of the evolving, more maneuverable, more complex threat on this, we begin to see gaps emerging in the future to our system, which is primarily based on our lack of persistent global sensor coverage,” Matlock added.

He noted the U.S. should develop a space-based sensor array that would provide global coverage and include radar and electro-optical sensors to address the gaps, Swarts reported.

The report said MDA also looks to boost its Space Tracking and Surveillance System to extend the range of ground interceptors beyond the sight of radar, according to the report.

The U.S. Navy looks to test-launch a new long-range anti-ship missile via a U.S. Air Force bomber by 2017 in response to threats such as the North Korean nuclear crisis and military provocations from China, National Defense Magazine reported Thursday.

Sandra Erwin writes current military plans aim to launch the 2,200-pound LRASM from a B-1B bomber by 2018 and via a Navy F/A-18 E/F fighter by 2019.

The Defense Advanced Research Projects Agency noted that the development of a system that can meet U.S. Pacific Command‘s requirements for a missile with semi-autonomous navigation, artificial intelligence and identification, friend or foe capacity could be ready by 2018.

Jamie Engdahl, Naval Air Systems Command’s program manager for precision strike weapons, said the LRASM will utilize the Joint Air-to-Surface Standoff Missiles Extended Range airframe to comply with the current timeline for development.

Engdahl added the LRASM and JASSM have 85 percent common materials which helped the integration of sensors and technology into the airframe without any modifications on aerodynamics and engine structures.

The U.S. Army Corps of Engineers seeks public comment on a proposed rule that aims to clarify policies on the use of USACE reservoir projects for domestic, municipal and industrial water supply.

USACE said Friday the rule looks to boost the Corps’ capacity to work with state and local entities on water supply development in line with the operation of reservoirs for federal purposes.

The agency added the proposed rule will support a “uniform understanding” of authorized activities under Section 6 of the Flood Control Act of 1944 and the Water Supply Act of 1958.

The rule is intended to explain the purpose and scope of USACE’s authority under Section 6 and the WSA; interpret key statutory terms; and provide pricing methodologies for surplus water contracts and water supply storage agreements.

USACE also looks to streamline administrative processes to authorize surplus water withdrawals and clarify procedures under water supply storage agreements through the proposed rule.

Interested parties can submit comments through Feb. 14, 2017.