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Recent Articles from Courtney Mabeus-Brown
Raytheon contracts include radar surveillance for Taiwan
Arlington County-based Raytheon Technologies Co. was awarded two large contracts this week to help sustain a foreign surveillance radar program and for the continued production and delivery of its AIM-9X Sidewinder missile, the Pentagon announced this week. Under a $412.6 million Air Force contract announced Wednesday, Raytheon will provide continued sustainment to the Taiwan Surveillance [&hellip[...]
Perspecta receives $342M TSA contract
Perspecta Enterprise Solutions LLC, a subsidiary of Herndon-based government contractor Peraton, has received a contract worth up to $342.7 million to operate, maintain and improve the Transportation Security Administration’s IT equipment, services and processes, the company announced Wednesday. Chantilly-based Perspecta will support as many as 85,000 employees, contractors and support perso[...]
Leidos receives $334M Air Force hypersonics contract
Reston-based Leidos Inc. will help the Air Force develop its Mayhem hypersonic system under a $334 million contract, the Fortune 500 contractor announced Friday. Under the contract, Leidos will assist the U.S. Air Force Research Laboratory in developing the Expendable Hypersonic Multi-mission ISR (intelligence, surveillance and reconnaissance) and Strike Program, known as Mayhem. The system [&hell[...]
Martin Agency names first chief revenue officer
The Martin Agency has named Tasha Dean its first chief revenue officer, the Richmond-based national advertising agency announced Wednesday. Dean, who has previously led integrated production at the agency, will be responsible for growing revenue, implementing strategies for organizational design, finding new marketing offerings, identifying the latest tech and products, and reviewing new opportuni[...]
NASA, Boeing finalize $3.2B Artemis rocket contract
Arlington-based Boeing Corp. will continue manufacturing the core and upper stages of the Space Launch System rockets for NASA’s Artemis missions that are expected to take astronauts to the moon and beyond in coming years. NASA announced Friday that it finalized its $3.2 billion contract with Boeing, just two days before its Orion spacecraft splashed […]
CACI, Peraton land $2.2B defense contracts
Reston-based Fortune 500 federal contractor CACI International Inc. and a subsidiary of Herndon-based government contractor Peraton Inc. were awarded parallel contracts each valued at more than $2.2 billion to perform background investigations for the Defense Counterintelligence and Security Agency (DCSA), the Pentagon announced Thursday. The single-award, firm-fixed-price, indefinite-delivery/ind[...]
Virginia MetalFab to invest $9M, expand in Appomattox
Virginia MetalFab, a provider of metal manufacturing and fabrication services, will invest $9 million to expand to a larger facility in Appomattox, with plans to create 130 jobs during the next three years, Gov. Glenn Youngkin announced Friday. The company will lease the former Thomasville Furniture plant, occupying 250,000 square feet to meet increased demand […]
Reston-based Octo to be acquired by IBM
Reston-based Octo is being acquired by IBM and its 1,500 employees will become part of IBM Consulting’s U.S. public and federal market arm. Terms of the deal were not disclosed in a news release Thursday. IBM is acquiring the company from Arlington Capital Partners and the deal is expected to close by the end of […]
BWXT begins production of fuel for 1st U.S. microreactor
Lynchburg-based BWX Technologies Inc. has begun producing the nuclear fuel that will power the first microreactor built and operated in the United States, the company announced Wednesday. BWXT will manufacture a nuclear core for Project Pele under a $37 million award from the Idaho National Laboratory, as well as tristructural isotropic particle fuel, known as […]
Va. receives $230M for startup, venture capital funding
Virginia has been approved for as much as $230.4 million in federal funds to accelerate startups, the U.S. Department of Treasury announced Tuesday. The money comes from the Treasury’s State Small Business Credit Initiative (SSBCI). Virginia will operate five programs, including two loan participation, one loan guarantee and two equity/venture capital programs. Loan programs include [&hellip[...]
