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Recent Articles from Courtney Mabeus-Brown
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[...]
Bechtel to build Intel’s Ohio semiconductor plant
Reston-based Bechtel Corp. has been selected to design and build the first phase of Intel Corp.’s $20 billion semiconductor manufacturing facility near Columbus, Ohio, a project that will include as much steel as eight Eiffel Towers. The work will include a total 2.5 million square feet, 600,000 square feet of which will be cleanrooms, according […]
American Systems receives $1B+ DISA contract
Chantilly-based government contractor American Systems Corp. has received a contract from the Defense Information Systems Agency valued up to $1.01 billion for test, evaluation and certification services, the Pentagon announced Friday. A minimum guarantee of $10,000 will be made through a task order that will be funded by fiscal 2023 research, development, test and evaluation […]
SAIC wins $171M IT contract
Reston-based Fortune 500 contractor Science Applications International Corp. has received an IT contract valued up to $151 million from the U.S. Transportation Command, the Pentagon announced Thursday. Under the contract, SAIC will manage and support operations and modernization of the command’s IT systems and applications. The work includes classified and unclassified programs on multiple [...]
$400M Bristol casino to break ground Dec. 7
Virginia’s first casino, the Hard Rock Hotel & Casino Bristol, is getting closer to moving into its permanent home. Officials will break ground at the casino’s permanent home at the former Bristol Mall, at 500 Gate City Highway in Bristol on Dec. 7, the casino announced Thursday. The $400 million permanent casino, set to open […]
