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Recent Articles from Sydney Lake
$22M in CARES Act funding directed to Va. private colleges
Virginia’s private higher education institutions will receive $22 million in federal CARES Act funding for COVID-19 preparedness and response, Gov. Ralph Northam announced Monday. In late October, $116 million was allocated to Virginia’s public higher education institutions — with today’s allocation proportionate to the public school funding, according to Northam’s office[...]
McLean health tech firm names senior VP, corporate strategy
McLean-based health information technology provider CNSI announced Monday it has hired Verlon Johnson as senior vice president of corporate strategy. Johnson was most recently the vice president of health care policy and program management for IBM Watson Health’s Government Health and Human Services business group. In her new role, she will help to develop and […]
Peraton lands $950M Air Force contract
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense‘s Joint All Domain Command and Control (JADC2) effort, the company announced Monday. Under the contract, Peraton will provide services including open [&hell[...]
Commercial building in Fairfax sells for $1.8M
A three-story mixed-use commercial building in Fairfax sold for $1.8 million, Norfolk-based S.L. Nusbaum Realty Co. announced this week. Located at 3950 Chain Bridge Road, The Moore-McCandlish House is a 6,550-square-foot historical building constructed in 1840. The property, which sits on 0.48 acres, was 96% leased at the time of the sale, according to S.L. […]
W.M. Jordan exec joins National Academy of Construction
The Austin, Texas-based National Academy of Construction (NAC) on Thursday elected John R. Lawson II, executive chairman of Newport News-based W.M. Jordan Co., as a member of its 2020 class. Lawson in 2018 stepped down as president and CEO after 32 years leading W.M. Jordan, which his father founded in 1958. During his tenure, the […]
Construction industry recovered 84K jobs in October
While the pandemic surges on, the construction industry added 84,000 net new jobs in October, the Associated Builders and Contractors (ABC) announced Friday. During the past six months, the industry has added 789,000 jobs, recovering 73% of jobs lost during the pandemic. “It’s hard not to stand up and applaud the U.S. economy’s ability to […]
BBB National Programs opens new HQ office in Tysons
Nonprofit BBB National Programs announced Friday the opening of its new 15,300-square-foot headquarters in Tysons. Located at 1676 International Drive, the location will allow for an operations expansion and allow BBB National Programs to grow its portfolio of self-regulation and dispute resolution programs, according to an organization statement. “As an organization that is proud to [&h[...]
General Dynamics lands $9B+ contract modification
The U.S. Navy on Thursday awarded the Electric Boat subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $9.474 billion contract modification to build and test the first two Columbia-class intercontinental ballistic missile submarines — the largest ever built by the United States — and provide related design and engineering services, the company […]
BAE Systems announces $100M investment in Iowa facility
Arlington-based defense contractor BAE Systems Inc. announced Thursday it is investing more than $100 million to construct a facility in Cedar Rapids, Iowa, for its newly acquired navigation and sensor systems business, which makes mission-critical military GPS products. “Our world-class military GPS business is built on the rich talent pool in Greater Cedar Rapids,” John […]
SAIC names executive VP, CFO
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it has hired Prabu Natarajan as executive vice president and chief financial officer, effective Jan. 4, 2021. Natarajan most recently worked with Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. as vice president for financial strategy and planning, vice president [...]
