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Recent Articles from Sydney Lake
Parsons Corp. to raise $350M through debt offering
Centreville-based technology contractor Parsons Corp. announced Monday plans to raise $350 million through a debt offering. Proceeds from the debt offering would be used toward general corporate purposes, including acquisitions and working capital, according to Parsons. The initial conversion rate for the notes is 22.2913 shares of the company’s common stock per $1,000 principal amount [&hel[...]
CACI International names president, national security
Arlington-based federal technology contractor CACI International Inc. announced Monday it has hired Todd Probert as president of the company’s National Security and Innovative Solutions (NSIS) sector. With more than 20 years of experience, Probert most recently served as vice president of Raytheon’s Command and Control, Space and Intelligence business. In his new role, will oversee [&h[...]
SAIC names senior VP of strategy
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Tuesday it has hired Nyla Beth Gawel as senior vice president of strategy. With more than two decades of experience, Gawel was most recently the director of public sector strategy with Verizon Business Group, where she led strategy and development for the company’s public […]
Northam proposes voter protection reform
Amid the COVID-19 pandemic and a national wave of mail delays, Gov. Ralph Northam on Tuesday proposed a $2 million allocation for prepaid return postage on absentee ballots, drop-off boxes and drop-off locations for mail-in ballots, as well as a process through which voters can correct their ballots to expand access to voting for the […]
U.S. hotel industry faces foreclosure wave
The U.S. hotel industry is facing an historic wave of foreclosures due to the pandemic, according to findings released Tuesday from the American Hotel & Lodging Association (AHLA), but Virginia might be an exception — for now. “We are not seeing much in the way of foreclosures or defaults as of yet,” says Virginia Restaurant, […]
Northern Virginia Technology Council names president, CEO
The Northern Virginia Technology Council (NVTC) announced Tuesday that Jennifer Taylor has been named as president and CEO, effective Sept. 10. In late June, Brad Schwartz was named as acting president and CEO, filling the vacancy left by the June 30 retirement of Bobbie Kilberg, who led the membership and trade association for the region’s […]
Liberty University names interim chairman
Liberty University announced Tuesday it has appointed the vice chair of its board of trustees, Allen McFarland, as the board’s interim chairman. He will serve in this role while Chairman Jerry Prevo serves as acting president and Jerry Falwell Jr. is on an indefinite leave of absence from his positions as the Christian university’s president […]
Fairfax defense contractor acquires Dallas aviation company
Fairfax-based defense contractor MAG Aerospace announced Monday it has acquired Dallas-based aviation company Remotely Piloted Solutions (RPS). A transaction amount was not disclosed, but the acquisition adds more than 300 C5ISR (command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance) professionals to MAG’s workforce. “RPS has grown consider[...]
SAIC gets $84.8M Navy contract modification
The U.S. Navy awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) an $84.8 million contract modification to provide torpedo equipment and support services to the military branch as well as the governments of Australia and Taiwan, the Department of Defense announced Friday. The contract will cover the fourth option year of the […]
Vienna-based defense contractor wins $77.6M Air Force contract
The U.S. Air Force awarded Vienna-based Trace Systems a $77.6 million task order to work on the branch’s network and data sharing environment for military and mission partners, the defense contractor announced Friday. Under the contract, Trace Systems will engineer an information technology network and applications, develop software and provide technical services for the SABRE […]
