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Recent Articles from Sydney Lake
Va. General Fund revenue increased 15.1% in December 2020
Virginia’s General Fund revenue for December 2020 increased 15.1% compared with December 2019, Gov. Ralph Northam announced Wednesday. Total revenue collections rose 7.8% through December on a fiscal year-to-date basis, which was well ahead of the 1.2% growth forecast. The increase was driven by growth in payroll withholding, corporate income tax, sales and use taxes, […]
Northrop Grumman wins $325M Air Force contract
The U.S. Air Force awarded Falls Church-based Northrop Grumman Corp. a $325 million contract to support the Joint Surveillance Target Attack Radar System (Joint STARS). The contract goes toward work on the Total System Support Responsibility (TSSR) program, which will provide program management, engineering technical support, aircrew and maintenance training, supply chain and spares management, [&[...]
Accenture Federal Services wins $50M U.S. Patent, Trademark Office contract
Arlington-based Accenture Federal Services (AFS) announced Wednesday it has been awarded a $50 million U.S. Patent and Trademark Office (USPTO) contract to work on the agency’s financial management systems for the Office of the Chief Financial Officer (OCFO). Under the five-year contract, AFS will provide program management, operations and maintenance services to modernize USPTO’s Info[...]
Colliers International Virginia names new partner
Colliers International announced Tuesday that Jessica Butterworth has been appointed as a partner at Colliers International Virginia. Since 2018 Butterworth has served as the director of engineering services, a role in which she oversees building engineering services for the Colliers offices in Richmond, Charlottesville, Norfolk, Fredericksburg, as well as Greensboro and Raleigh, North Carolina. A[...]
Virginia Tech receives $10M gift for AI center, other programs
With a $10 million gift from Mehul Sanghani, CEO of Reston-based Octo Consulting Group, and his wife, Hema, Virginia Tech has renamed its Center for Artificial Intelligence and Data Analytics in the couple’s honor. The Sanghani Center will move its headquarters to Virginia Tech’s $1 billion Innovation Campus, which will be under construction starting this […]
Md. tech company acquires Fairfax analytics firm
Maryland-based tech company Smartronix LLC announced Monday it has acquired Fairfax-based analytics company Datastrong. Financial terms of the acquisition were not disclosed. Smartronix LLC provides cloud, C5ISR, advanced engineering and IT services, while Datastrong specializes in data architecture, design and business analytics for government and commercial clients. “Our acquisition of Datastr[...]
Colo.-based company acquires Herndon contractor for $112M
Colorado Springs, Colorado-based tech contractor Vectrus announced Dec. 28, 2020, that it would acquire Herndon-based Zenetex — a transaction valued at $112 million. Vectrus provides operations, logistics and IT services to the U.S. government, and Zenetex provides services to defense and national security clients. The acquisition will expand Vectrus’ client base and adds more than [&hel[...]
Three Henrico County office buildings sell for $19.2M total
Three office buildings in Henrico County collectively sold for $19.2 million, Colliers International announced Tuesday. The office buildings, known as the Midtown Office Portfolio, total 155,368 square feet. The buildings include One Holland Place (at 2235 Staples Mill Road) and Vistas I & II (at 5540 and 5516 Falmouth Street). The portfolio was 92% leased […]
Booz Allen’s TEAMS business unit acquired by Chantilly company
Chantilly-based System High Corp. announced Monday it has acquired McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc.’s technical, engineering, advisory and management support (TEAMS) business unit. Financial terms of the acquisition were not disclosed, but the Booz Allen business unit includes 110 employees and serves the Missile Defense Agency (MDA). “[...]
BWXT names president, government operations
Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Monday that it has hired Robert F. “Rob” Smith as president of government operations, a newly created position. Smith most recently served as vice president and general manager for Lockheed Martin’s radar and sensors systems market segment. In his new role, he will oversee BWXT’s U.S.-based […]
