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Recent Articles from Sydney Lake
Fairfax County’s Richmond Highway area ripe for development during next decade
Between the development of Amazon.com Inc.’s $2.5 billion East Coast HQ2 headquarters in Arlington and Virginia Tech’s $1 billion Innovation Campus in Alexandria, Northern Virginia is ripe for commercial and residential development during the next decade. According to a market assessment study presented to Fairfax County’s Economic Advisory Commission, the Richmond Highway corridor (a 10-mil[...]
Reston firm names chief security officer
Reston-based professional services company Caliburn International LLC announced Thursday it has hired James Mehta as its chief security officer. With more than 27 years of experience as a commissioned officer and special agent, Mehta most recently served as the director of strategic programs and requirements for the Air Force Office of Special Investigations. In his […]
Va. saw slight uptick in jobless claims last week
Initial jobless claims filed last week rose 4.9% from the previous week, according to figures released Thursday by the Virginia Employment Commission, while continued claims slightly dropped. During the week ending Feb. 13, 14,901 Virginians filed initial unemployment claims, compared to 14,203 from the week prior. Last week, 62,624 Virginians remained unemployed; that represents 40,143 [&hellip[...]
Reston federal contractor names COO
Reston-based federal contractor Preferred Systems Solutions Inc. announced Thursday it has hired Cynthia Barreda as its chief operating officer. Barreda most recently served as CEO of Herndon-based tech company NetCentrics Corp., where she had been since 2002. In her new role, she will work on strategy and vision for the company with President and CEO […]
BAE Systems wins $247M Space Force contract
Arlington-based defense contractor BAE Systems announced Wednesday it has received a $247 million U.S. Space Force contract to design and manufacture an advanced GPS receiver and semiconductor. Work on the contract will be performed for the Space Force’s Space and Missile Systems Center. The technology will provide positioning, navigation and timing capabilities during missions. “This [&hellip[...]
Tysons tech company buys Md.-based cybersecurity firm
Tysons-based tech company Applied Insight announced Wednesday it has acquired Hanover, Maryland-based cybersecurity firm Bridges Inc. Financial terms of the transaction were not disclosed. Applied Insight is backed by private equity firm The Acacia Group and provides cloud, data and cyber services to federal government customers. Bridges also provides network security and analytics services usin[...]
MicroStrategy ups the ante on bitcoin investment
Tysons-based business software company MicroStrategy Inc. is going all in on its bitcoin strategy: The company announced Wednesday it would raise $900 million from a convertible senior notes offering set to close on Friday. On Tuesday, the company announced a $600 million offering, which it upped to $900 million on Wednesday. Proceeds from the offering […]
The Breeden Co. names multifamily, CRE director
Virginia Beach-based real estate developer The Breeden Co. announced Wednesday that Bonnie Moore has been promoted to director of operations for the company’s multifamily and commercial real estate divisions. Moore has been The Breeden Co.’s director of multifamily operations for more than 20 years. In her new role, she will oversee the departments’ operations, property […]
Herndon contractor employee receives Intelligence and National Security Alliance award
Herndon-based satellite company HawkEye 360 Inc. announced Wednesday that Darek Kawamoto, its principal engineer for algorithms, has been honored with the Edwin H. Land Industry Award by the Intelligence and National Security Alliance (INSA). Of the six honorees receiving INSA Achievement Awards this year, Kawamoto is the only Virginia contractor employee being honored. The Edwin […]
Northrop Grumman passes early stage of $85B Air Force ICBM contract
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. announced Tuesday it underwent the first major design review — a key baseline — for the Air Force’s $85 billion Ground-Based Strategic Deterrent (GBSD) contract. In September 2020, Northrop Grumman announced the Air Force had awarded it the first $13.3 billion phase of the expected $85 […]
