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Federal contractor Amentum to sell Rapid Solutions for $360M
Chantilly-based federal contractor Amentum announced Wednesday it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.
Boeing doesn’t expect its recovery to be impacted by trade war with China
Boeing CEO Kelly Ortberg said Wednesday that he doesn't expect the U.S. trade war with China to forestall the Arlington County-based company's financial recovery. Meanwhile, RTX and General Dynamics surpass Wall St. expectations and Northrop Grumman is below forecast.
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]
Savills announces new D.C.-region leaders
Amy Kaufman Brendler and Jon Glass have been appointed executive vice presidents and co-leads of commercial real estate brokerage Savills’ Washington, D.C., region, which includes the McLean office, the company announced Monday. Tom Fulcher, who was named mid-Atlantic region lead for Savills in 2021, will be stepping back [...]
Spotsylvania industrial portfolio sells for $38M
An entity sharing an address with the Pinkard Group, a Washington, D.C., regional real estate investment and development company, has purchased four light industrial and warehouse buildings in Spotsylvania County for $38 million, according to Cushman & Wakefield | Thalhimer. Located in Four Mile Fork Industrial Park, the cou[...]
Capital One $35B purchase of Discover Financial gets regulatory approvals
NEW YORK (AP) — The pending merger between Northern Virginia-based Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion. The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first an[...]
VHC Health announces new foundation president
Amy Ellis Hauser will be the next president of the VHC Health Foundation and senior vice president of VHC Health, the Arlington County health system announced this week. VHC Health is a not-for-profit, 537-bed health system serving the Washington, D.C., metropolitan area. The new role is a return for Hauser, who previously held [...]
HNTB to move Arlington office in 2026
Kansas City, Missouri-based infrastructure and design firm HNTB will relocate its Arlington County office in 2026 to a more expansive space that will increase its footprint by 13,000 square feet. The company says the goal of the move from its current location at Shirlington Tower to 1812 North Moore, the tallest building in the [...]
Mitre-backed cybersecurity program gets last minute save
Federal contractor Mitre, which has dual headquarters in McLean and Massachusetts, expected Wednesday to lose the federal funding needed to operate and maintain its nearly 26-year-old Common Vulnerabilities and Exposures (CVE) program, but a last-minute reprieve from the Cybersecurity and Infrastructure Security Agency (CISA) ha[...]
Deltek announces new chief marketing officer
Herndon-based software company and federal contractor Deltek announced Wednesday that it has appointed Dan Barnhardt as its chief marketing officer. “Dan’s creative and strategic approach to marketing will be instrumental as we sharpen Deltek’s voice and modernize how we engage in the market,” Deltek President an[...]
Nasdaq holds off delisting Primis Financial until May decision
Nasdaq will wait for the results of a May hearing before delisting McLean-based bank holding company Primis Financial, the company said Monday. Primis Bank announced last week that it had received notice from the stock exchange April 3 that the company was out of compliance with one of Nasdaq’s rules that requires listed c[...]
Dewberry selects new CHRO
Dewberry — an engineering, architecture and construction firm in Fairfax County — announced Monday it has promoted Stacey McKavish to chief human resources officer. In the role, McKavish will oversee all HR functions of the organization and a team of nearly 30 benefits, compensation, human resources, recruiting and training [...]
