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Raytheon Intelligence & Space receives $318M TSA contract
Arlington-based Raytheon Intelligence & Space will expand its deployment of checked baggage screening equipment to all federally managed airports nationwide under a five-year, $318 million contract with the Transportation Security Administration. A subsidiary of Massachusetts-based Raytheon Technologies Corp., Raytheon Intelligence & Space previously had a contract to install and/or upgra[...]
Graham Holdings Co. to acquire Leaf Group Ltd. for $323M
Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction. Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or […]
Amazon’s Helix gets green thumbs-up
What is now a quiet, achromatic area of Arlington, the National Landing neighborhood in a few years’ time will be a bustling urban area with distinctive office buildings and large green spaces open to the public. In early February, Amazon.com Inc. released plans for its 2.8-million-square-foot redevelopment of the PenPlace block, including three 22-story office […]
Accenture Federal Services lands $453M VA contract
Arlington-based Accenture Federal Services has won a $453 million contract from the U.S. Department of Veterans Affairs to modernize and improve G.I. Bill claims processing for veterans, service members and their families, announced March 29. The seven-month contract, which includes nine one-year options, is part of legislation intended to improve the speed and accuracy of […]
BAE Systems hires general manager for Radford Army Ammunition Plant
Arlington-based defense contractor BAE Systems Inc. has hired Kirk Johnson as general manager of the Radford Army Ammunition Plant, effective March 29. Johnson comes to the position with seven years of experience at Lubrizol Corp., a Berkshire Hathaway specialty chemicals company, where he served as managing director for specialty and industrial additives and then as […]
Construction begins on residential towers in National Landing
Developer JBG Smith announced Friday that it has begun construction on two residential towers at 1900 Crystal Drive in National Landing. The development will include 808 apartments and approximately 40,000 square feet of street-level retail across from two new mixed-use buildings. The 27-story southern tower will include 471 apartments; the 26-story northern tower will include […]
WSJ reports Axios is eyeing merger with the Athletic
Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]
Arlington software company hires chief people officer
Arlington-based software developer Higher Logic announced on March 16 that it has hired Joanna Luth as its new chief people officer. Luth is a human resources executive with more than 20 years of experience. Prior to joining Higher Logic, Luth served as the chief people officer for Georgia-based software company Intradiem and vice president of […]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […[...]
New Arlington-based tech contractor names chief financial officer
Two Six Technologies Inc., a new national security technology provider based in Arlington, announced Wednesday it has hired Bob Kwaja as chief financial officer. The company was formed in February after an affiliate of global investment firm The Carlyle Group acquired IST Research and Two Six Labs. Among Two Six Technologies’ clients are the Department […]
HNTB names infrastructure and mobility equity president
HNTB Corp., an infrastructure design firm based in Kansas City, Missouri, announced Tuesday that Diana Mendes has been promoted to corporate president of infrastructure and mobility equity, a newly created position based in Arlington. Mendes has spent 35 years in the infrastructure industry and previously served as HNTB’s mid-Atlantic division president overseeing operations in six […[...]
Blackfin and GMF buy three apartment complexes for $48M
On Monday, Arlington-based Blackfin Real Estate Investors LLC and New York-based GMF Capital LLC announced they had purchased three Low Income Housing Tax Credit (LIHTC) communities from Virginia Beach’s The Franklin Johnson Group for $48 million. The apartment complexes include: Oaks at Dunlop Farms, 101 Old Oak Lane, Colonial Heights, 23834; Crescent Place, 2804 Turnpike […]
