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Boeing names Ortberg as new president and CEO
Updated Aug. 1 Boeing’s board of directors announced Wednesday that Robert K. “Kelly” Ortberg will be its next president and CEO effective Aug. 8, succeeding Dave Calhoun, who previously announced his intention to step down after a turbulent, nearly four-year tenure as the Arlington County Fortune 500 aerospace and defense giant’s chief executive. According to […]
2024 Virginia CFO Awards: Large Business: Sean Daily, CAES
Sean Daily, chief financial officer of Arlington County defense technology contractor CAES, didn’t set out to forge a career in defense. But an interest in corporate finance, sparked by an internship at Marriott International, combined with an opportunity to join Lockheed Martin after his graduation from Virginia Tech. Soon enough, “I developed an interest in […]
Former Northrop Grumman CEO’s mansion sells for $9.95M
Former Northrop Grumman Chairman and CEO Wes Bush and his wife, Natalie, sold their McLean mansion June 28 for $9.95 million, according to Fairfax County records. Steven A. Sigsbury, an attorney with the Cochran Law Group in Tysons, is listed as the buyer of 903 Turkey Run Road and Baldy’s Bait and Tackle Trust is […]
Boeing to purchase Spirit AeroSystems in $4.7B+ deal
Beleaguered aerospace and defense giant Boeing announced Monday it has entered an agreement to reacquire Boeing spinoff company Spirit Aerosystems in a $4.7 billion, all-stock transaction. The Fortune 500 company headquartered in Arlington County will also assume Spirit’s net debt, so the deal’s total value is approximately $8.3 billion, Boeing said in its announcement. Spirit [&hellip[...]
RUTH ANN CLARK
When Ruth Ann Clark drives to or from the six JPMorgan Chase offices she oversees, she leaves her radio turned off. These commutes create a white space for Clark to sort through and analyze data to identify potential solutions — in short: great thinking time. “That is one of the things I try to prioritize.” […]
Intelsat to be acquired by SES for $3.1B
McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash. The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release. Intelsat CEO David Wajsgras will […]
McLean’s Iridium closes on Satelles deal
McLean-based Iridium Communications, a global satellite communications company, has completed its previously announced acquisition of Satelles, a Reston-based provider of satellite-based time and location services that assist GPS and global navigation satellite systems (GNSS), the company announced Tuesday. Iridium first announced the acquisition in March. The positioning, navigation and timing se[...]
The Aerospace Corp. relocates HQ to Chantilly
The Aerospace Corp., a nonprofit government contractor that bills itself as running the nation’s only federally funded research and development center “committed to the space enterprise,” officially relocated its headquarters from El Segundo, California, to Chantilly on Thursday. The organization, which provides technical expertise in space-related science and engineering, has no plans f[...]
Boeing CEO Calhoun to step down by year-end
Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortune 500 […]
Rocket Lab USA launches first US mission for NRO from Wallops
California-based Rocket Lab USA successfully launched a mission for the U.S. National Reconnaissance Office on Thursday from Launch Complex 2 at NASA’s Wallops Flight Facility in Accomack County, the aerospace company announced. The Eastern Shore mission, dubbed “Live and Let Fly,” was Rocket Lab’s first launch from U.S. soil for the NRO, which builds, designs, […]
BAE Systems closes $5.6B acquisition of Ball Aerospace
Falls Church-based BAE Systems Inc., the U.S. arm of the British defense giant BAE Systems, has completed its $5.6 billion acquisition of Colorado-based Ball Aerospace from Ball Corp. BAE Systems announced Feb. 14 it earned the necessary regulatory approvals and followed that with a Feb. 16 announcement of the deal’s completion. The company first announced […]
Virginia 500 Spotlight: CLAYTON TURNER
FIRST JOB: Stock boy at Sears WHAT MAKES ME HAPPIEST: Family and NASA MY MOST VALUED POSSESSION: Joy HOW I BALANCE MY WORK AND PERSONAL LIVES: By being fully present in both for all activities and interactions and not allowing artificial urgency to encroach from one to the other TRAIT I MOST ADMIRE IN OTHERS: […]
