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Home>Sydney Lake

Sydney Lake

Recent Articles from Sydney Lake

News August 11, 2020

MicroStrategy converts $250M cash holdings to bitcoin

Tysons-based business software company MicroStrategy Inc. announced Tuesday it has converted $250 million from its cash holdings into more than 21,000 bitcoins. The company will keep its bitcoin holdings on its corporate treasury reserve — which MicroStrategy CEO Michael J. Saylor said in a statement will be the the principal holding in its treasury reserve […]

John Dooley. Photo courtesy Virginia Tech
News August 11, 2020

Virginia Tech Foundation CEO to retire next spring

The Virginia Tech Foundation announced Monday that John Dooley, who has served as chief executive officer for the foundation since 2012, will retire during spring 2021. He will have been with the university for nearly 40 years. Dooley joined Tech in 1982 at age 27 and directed the then-brand new Northern Virginia 4-H Center in […]

Photo courtesy Department of Defense
News August 11, 2020

Arlington defense contractor wins $62M Navy contract

The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. a $62 million contract to supply 118 motor control panels for the Mark 41 Vertical Launching System (VLS), which is used by the Army and international allies. Under the contract, Leonardo DRS’s airborne and intelligence systems business units will produce the panels that control the […]

News August 11, 2020

General Dynamics wins $428.2M Army contract

The U.S. Army awarded Reston-based government contractor General Dynamics Corp.’s land systems division a five-year contract worth up to $428.2 million to perform maintenance work on the Army’s Stryker combat vehicles, the U.S. Department of Defense announced Monday. Under the contract, General Dynamics will provide equipment training, maintenance and fielding services, according to th[...]

News August 11, 2020

State awards $278K to COVID-19 economic recovery projects

Gov. Ralph Northam announced Tuesday that the state has awarded $278,000 among 18 economic revitalization projects in Virginia as part of the state’s COVID-19 economic recovery plan. “Downtown districts are the lifeblood of our communities and our local economies and they need our support now more than ever,” Northam said in a statement. “Main Street […]

News August 11, 2020

Leidos lands $649M Army contract

The U.S. Army awarded Reston-based federal contractor Leidos a $649 million contract to provide operations and support services to the Special Operations Command’s (SOCOM) Tactical Airborne Multi-Sensor Platforms mission, the company announced Monday. The one-year contract (with four one-year option periods) was awarded through the U.S. Army’s Responsive Strategic Sourcing for Services[...]

News August 11, 2020

$8.79M in CARES Act funding going to affordable housing

Following Gov. Ralph Northam’s announcement on Aug. 7 that the eviction moratorium would be extended through Sept. 7, U.S. Sens. Mark R. Warner and Tim Kaine on Monday announced that $8.79 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding will go to affordable housing in Virginia.  “As housing insecurity continues to […]

News August 10, 2020

Richmond mayor proposes $500K for businesses affected by protests

Richmond Mayor Levar M. Stoney is proposing that City Council adopt a $500,000 Business Recovery Grant Program to compensate for damages to businesses from recent protests. Through the program, eligible businesses can be awarded a one-time grant of up to $10,000 to cover costs from damage that happened as the result of recent demonstrations within […]

News August 10, 2020

PAE hires homeland security director

Guy Torres has joined Falls Church-based Pacific Architects and Engineers (PAE) as the director of its homeland security portfolio, according to reports. Torres was most recently a Department of Homeland Security account executive at Falls Church-based Northrop Grumman Corp. During his career, he has also served as director of U.S. Customs and Border Protection’s information […]

Mike McHugh. Photo courtesy DirectViz Solutions LLC
News August 10, 2020

Chantilly IT company names CEO

Chantilly-based information technology company DirectViz Solutions LLC announced Friday that Michael McHugh has been promoted to CEO.  McHugh was most recently the company’s chief operating officer, and has more than 25 years of experience working in the technology industry. Before his time with DirectViz, he served as president of the defense and national security division […]

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Top Stories

Gregory Washington, president of George Mason University. Photo courtesy GMU

Embattled GMU president survives board meeting with pay raise

George Mason University President Gregory Washington was not ousted at a board of visitors meeting b[...]

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Report: DOGE responsible for nearly 290k job cuts

A Thursday report revealed that United States-based employers have cut more jobs so far this year th[...]

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[...]

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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