Sign In
Free Newsletter
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 […]
Raytheon gets $325M boost to StormBreaker contract
The U.S. Department of Defense has increased the ceiling of an existing U.S. Air Force contract held by Arlington County’s Raytheon, a subsidiary of Fortune 500 defense contractor RTX, by $325 million, the Department of Defense announced Friday. The contract, under which Raytheon is producing StormBreaker Increment II small-diameter glide bombs for fighter jets, has been […]
Accenture Federal taps next CEO, as Goodman steps down
Starting Sept. 1, Ron Ash will take the wheel as CEO at Arlington County’s Accenture Federal Services, the federal contractor offering IT services announced Tuesday. He will also become chair of AFS’ board of managers. Ash will succeed John Goodman, who is stepping down as CEO and chair at the end of August and will […]
Grant Thornton taps new D.C. market managing principal
William “Bill” Marx Jr. is Grant Thornton’s new market managing principal for the Washington, D.C., area, the Chicago-based U.S. arm of the global accounting firm network announced Wednesday. Marx succeeds Greg Wallig, who was the company’s metro D.C.-Arlington County market managing principal and added the role of public policy head in June 2023. Wallig left […]
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[...]
Arlington’s CareJourney acquired
Arlington County’s CareJourney, a health care data and analytics company co-founded by former U.S. Chief Technology Officer Aneesh Chopra, has been acquired by Arcadia, a health care data platform headquartered in Boston, according to a June 27 announcement. A spokesperson for Arcadia declined to provide financial terms of the deal. The merged company will have […]
StartVirginia: Heard Around Virginia July 2024
Auterion, a software maker for computing platforms that support drones and autonomous robotics systems, has relocated its headquarters to Arlington County from Moorpark, California, as it seeks to be closer to its defense-related customers. The company already had some of its 112 employees based in the Washington, D.C., metro area for several years, but Auterion’s […]
Honeywell to purchase Arlington-based CAES for $1.9B
Honeywell, a multinational conglomerate based in Charlotte, North Carolina, announced Thursday it plans to buy Arlington-based aerospace and defense technology company CAES for $1.9 billion in cash from private equity firm Advent International. Formerly known as Cobham Advanced Electronic Solutions, CAES was founded in 1934 and was acquired by Advent in 2020. According to Honeywell’s [&helli[...]
Accenture names managing director for D.C. market
Accenture has named Ed Engles office managing director of its Metro D.C. office, overseeing a region stretching from Baltimore to Richmond, the global professional services company announced Thursday. Engles steps into the shoes of Marty Rodgers, who has been filling that role for almost a decade while also serving as Accenture’s market unit lead for […]
Commentary: Va. ecosystem supports growth
It has been almost four years since I began leading economic development and innovation efforts at George Mason University, and what a whirlwind! This is an exciting time to be in Virginia, and getting to do this job every day feels like winning the lottery. It all started with the Amazon.com HQ2 win in 2018, […]
Arlington apartment tower sells for $48.5M
A 162-unit high-rise apartment property in Arlington County has changed hands. Fortis Cos., a Washington, D.C.-based real estate development and investment company, acquired Marlowe Apartments from Equity Residential for $48.5 million, according to Berkadia, a commercial real estate services and mortgage firm, and Arlington County property records. The 162-unit property located at 400 15th St. [&h[...]
