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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[...]
EY taps 14 Virginians as Mid-Atlantic Entrepreneur of the Year finalists
Fourteen Virginia business leaders are among the 30 finalists for Ernst & Young’s 2024 Mid-Atlantic Entrepreneur of the Year award. EY announced the finalists, selected by a panel of independent judges, on April 22. The Big Four professional services company will name the regional awards winners on June 15. The Virginia finalists include: Anil Sharma, […]
Boeing CEO to step down by end of year
In late March, Boeing President and CEO Dave Calhoun said he would step down by the end of the year. The announcement came 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. […]
Flying off the glass cliff?
You’ve no doubt heard of the glass ceiling — the barrier above which women couldn’t rise professionally — but have you heard about the glass cliff? It’s not as familiar a term as the ceiling, but the glass cliff is real. It’s what happens when a woman or someone from another marginalized group is put […]
CoStar to acquire Calif. tech company in $1.6B deal
The CoStar Group, which announced in February plans to move its headquarters from Washington, D.C., to Arlington County, has reached an agreement to buy all outstanding shares of California-based Matterport, a 3D data platform, in a cash and stock deal valued at $1.6 billion. A real estate analytics and data company known for online real […]
Accenture Federal Services to acquire Cognosante
Arlington County-based Accenture Federal Services (AFS) has entered into an agreement to acquire Falls Church-based Cognosante, the companies announced Tuesday. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by the two companies. Cognosante’s more than 1,500 employees will join AFS’ workforce of more than 14,000[...]
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 […]
RTX subsidiary lands $118M Army contract
The U.S. Army has finalized a contract potentially worth $118 million with Arlington County-based Raytheon, a subsidiary of RTX, to produce common sensor payloads, which will serve as “eyes” for an uncrewed aircraft system, the government announced Tuesday. The common sensor payloads, which will be used on California-based General Atomics Aeronautical Systems’ MQ-1C Gray Eagle[...]
Artists pull out of SXSW over Army, RTX involvement
Dozens of bands and solo musicians boycotted Austin, Texas’ South by Southwest (SXSW) festival this week in protest against the Department of Defense‘s support of Israel’s war in Gaza. Among SXSW’s sponsors this year are the U.S. Army and Arlington County-based aerospace and defense contractor RTX, which makes weapons and other equipment used by Israel’s […]
