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Home>Sydney Lake

Sydney Lake

Recent Articles from Sydney Lake

News August 17, 2020

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 […]

News August 17, 2020

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 […]

News August 17, 2020

Northrop Grumman enters solar deal with Dominion Energy

Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. is contracting with Richmond-based Dominion Energy Inc. to purchase solar energy to offset 100% of Northrop Grumman’s manufacturing and office operations in the commonwealth. The power will be generated from the 62.5-megawatt Madison Solar generating facility in Orange County, which Dominion announced it has acquired fr[...]

Jason Wright. Photo courtesy The Washington Football Team
News August 17, 2020

Washington Football Team names president

The Washington Football team announced Monday that it has appointed Jason Wright as president of the Ashburn-based National Football League team. He is the NFL’s first Black team president. The former professional running back will oversee the organization’s business divisions, including operations, finance, sales and marketing, reporting directly to Dan Snyder. Wright was most recentl[...]

News August 14, 2020

BAE Systems has a big week

Arlington-based defense company BAE Systems Inc. (a subsidiary of United Kingdom-based BAE Systems plc) had a big week for federal awards — landing three major contracts with the U.S. Navy, U.S. Air Force and U.S. Marine Corps totaling more than $221 million. On Thursday, the U.S. Department of Defense announced the Navy had awarded BAE […]

Charles A. Mathis
News August 14, 2020

SAIC CFO announces retirement

Reston-based defense contractor Science Applications International Corp. (SAIC) announced Friday that Chief Financial Officer Charles A. Mathis will retire on Jan. 29, 2021. Mathis joined the company in November 2016 as executive vice president and CFO. He will remain with the company through fiscal year 2021, while the company searches for a successor. “We are […]

News August 14, 2020

McLean company lands $896M Navy contract

The U.S. Navy awarded McLean-based defense contractor Alion Science and Technology Corp. an $896 million contract to provide an integrated program to deliver a multidomain live, virtual and constructive training platform. The contract was awarded through the Naval Sea Systems Command (NAVSEA) SeaPort-NxG multiple award contract, with a one-year base period and four option years. […]

Wellington Manor Apartments. Photo courtesy Cushman & Wakefield | Thalhimer
Real Estate August 14, 2020

Martinsville apartment complex sells for $2.52M

An apartment complex in Martinsville sold for $2.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Located at 16 Molly Circle, the Wellington Manor Apartments includes 62 town house-style units. The property was sold by TP Two LLC and Wellington Inc. to Wellington Manor Apartments LLC.  The complex is located directly off of U.S. Route […]

Obici Shops. Photo courtesy Cushman & Wakefield | Thalhimer
News August 14, 2020

Suffolk shopping center sells for $2.72M

A shopping center in Suffolk sold for $2.72 million, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 1910 N. Main Street, the 7,600-square-foot Obici Shops retail property was sold by Venture Obici LLC to Battlefield Consolidated Properties LLC as an investment. The property was 100% leased at the time of the sale to Spectrum […]

Chuck Thompson
People August 14, 2020

Chantilly IT company names COO

Chantilly-based information technology company DirectViz Solutions LLC announced Wednesday that Chuck Thompson has been promoted to chief operating officer. With more than three decades of management experience, Thompson was most recently executive vice president of operations at the company. He succeeds Michael McHugh, who was promoted to CEO in mid-August. Before his time with DirectViz, [&helli[...]

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Top Stories

Virginia firm to build $200M White House ballroom co-funded by Trump

Virginia firm to build $200M White House ballroom co-funded by Trump

The White House announced Thursday that it would add a $200 million, 90,000-square-foot ballroom to [...]

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CoStar sues Zillow for alleged copyright infringement

CoStar Group has sued Zillow, claiming that the real estate website is using its copyrighted images [...]

Mars to pump $2B into U.S. manufacturing

Mars to pump $2B into U.S. manufacturing

Mars announced on Tuesday that it plans to invest $2 billion in its U.S. manufacturing operations th[...]

Milestones: Virginia companies celebrating big anniversaries in 2025

Milestones: Virginia companies celebrating big anniversaries in 2025

Even amid the AI revolution currently underway, there are viable signs of stability. The global AI m[...]

Education 2023: GREGORY WASHINGTON

Congressional committee demands GMU president testify

George Mason University President Gregory Washington has now been called to testify before the GOP-c[...]

This July 13, 2008, file photo shows the Freddie Mac headquarters in McLean. (AP Photo/Pablo Martinez Monsivais)

7 Virginia businesses land on Fortune Global 500

Virginia has seven businesses named to the Fortune Global 500 for 2025.

People

Dollar Tree promotes new chief legal officer

Dollar Tree promotes new chief legal officer

31/7/2025

Parry Labs names chief growth officer

Parry Labs names chief growth officer

28/7/2025

Empower AI taps new chief growth officer

Empower AI taps new chief growth officer

25/7/2025

Regions

Salem manufacturers plan expansions

Salem manufacturers plan expansions

Three advanced manufacturing operations with roots in Salem recently revealed plans to expand facili[...]

Port of Virginia nears finish of $450M dredging project

Port of Virginia nears finish of $450M dredging project

Seven years after the Port of Virginia launched a $450 million dredging project to become the deepes[...]

Trump coal policy changes could boost Southwest Virginia

Trump coal policy changes could boost Southwest Virginia

Southwest Virginia officials say President Donald Trump’s executive orders aimed at revitalizi[...]

Transco pipeline to expand for Virginia power demand

Transco pipeline to expand for Virginia power demand

In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental[...]


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