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Kongsberg to build $101M missile plant in James City County
Kongsberg Defence & Aerospace, a subsidiary of Norway’s Kongsberg Group, plans to establish its first U.S. defense assembly plant in James City County, investing more than $100 million and creating an estimated 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company expects to invest $71 million in a 150,000-square-foot facility in James City County, as […]
OpTech expanding Loudoun satellite plant
Optimum Technologies, a Sterling space flight hardware designer and manufacturer, plans to expand its Loudoun County satellite manufacturing plant, a project expected to create 40 jobs, Gov. Glenn Youngkin announced Monday. Known as OpTech, the company will invest $999,000 in the expansion, according to the governor’s office. OpTech was founded in Virginia in 2015 and […]
Virginia 500: The 2024-25 Power List
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor. Executives are listed in alphabetical order by industry. Below you will find links […]
2024 Virginia 500: Federal Contractors | Technology
CRAIG P. ABOD PRESIDENT, CARAHSOFT TECHNOLOGY, RESTON REGGIE AGGARWAL FOUNDER AND CEO, CVENT, McLEAN MAHFUZ AHMED CHAIRMAN OF THE BOARD, DEXIAN, MCLEAN RYAN ANGOLD CEO, ATLANTIC DIVING SUPPLY, VIRGINIA BEACH TOM ARSENEAULT PRESIDENT AND CEO, BAE SYSTEMS INC., FALLS CHURCH RON ASH CEO, ACCENTURE FEDERAL […]
Boeing lands $2.56B Air Force contract
Boeing has won a $2.56 billion U.S. Air Force contract for two rapid prototype E-7A airborne early warning and control (AEW&C) Wedgetail aircraft, the Arlington-based Fortune 500 aerospace and defense company announced Friday. The contract modification to a previously awarded undefinitized contract action includes life-cycle development, training and support for the Air Force’s E-7A flee[...]
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[...]
