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Spotify completes $235M acquisition of Reston-based Megaphone
Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales fo[...]
Arlington tech consultant names CTO, CGO
Arlington-based technology consulting company Definitive Logic has named Michael Conlin as chief technology officer and Ryan Elliott as chief growth officer. With more than 20 years of experience, Conlin was the first chief data officer for the U.S. Department of Defense. In his new role, he will focus on data analytics and artificial intelligence. Elliot […]
Amazon now a top 10 employer in three NoVa counties
Amazon.com Inc. became one of the top 10 employers in three Northern Virginia counties in 2020, according to fiscal year financial reports in Arlington, Fairfax and Loudoun. In Fairfax, the e-tail giant ranks seventh among top principal employers, making up 1.17% of all county employees, which number between 5,000 and 9,999. In Loudoun, Amazon employs […]
Two Va. companies win spots on $211M Navy contract
The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. and Virginia Beach-based VT Group positions on a five-year, $211.6 million contract to help the branch sustain its technical insertion equipment, the Department of Defense announced Friday. Under the contract, the two companies will produce, assemble and test Technical Insertion 2016 spare equipment, perform technical [&hel[...]
Accenture Federal Services secures blanket purchase agreement with U.S. courts
The Administrative Office of the United States Courts (AOUSC) awarded Arlington-based Accenture Federal Services (AFS) a five-year blanket purchase agreement to modernize the client case-management system of the U.S. Probation and Pretrial Services (PPS) system, the company announced Monday. PPS works to carry out probation and pretrial service functions in U.S. district courts. Under the [&hell[...]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of[...]
National Landing BID makes hires, promotions
The National Landing Business Improvement District (BID) announced Wednesday a slate of new hires and promotions, including two newly created vice president positions. Ashley Forrester is the Arlington-based public-private partnership’s new vice president of marketing and communications, and Malaika Scriven is vice president of planning and development, posts recently created. Robert H. Mand[...]
Arlington-based blank check company raises $300M in IPO
Arlington-based Capitol Investment Corp. V raised $300 million through its initial public offering, the special purpose acquisition company (SPAC) announced Wednesday. Led by Chairman and CEO Mark D. Ein and President and CFO L. Dyson Dryden, the company was formed for the purpose of a merger or purchase of another company, though a news release […]
BAE Systems lands $237.7M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential $237.7 million contract to drydock and perform maintenance and modernization work on the USS Wasp assault ship, the company announced Tuesday. Under the contract, BAE Systems will begin working on the 843-foot-long USS Wasp […]
PAE closes on $92M acquisition of Metis Solutions
Defense and government services contractor Pacific Architects and Engineers (PAE) has closed its $92 million cash acquisition of Metis Solutions as part of its efforts to expand its offerings and capabilities in intelligence analysis, training and program support areas. Both companies are headquartered in Arlington. John Heller, president and CEO of PAE, says the transaction […]
AES Corp. to sell $1.8B in debt in private offering
Arlington-based energy company AES Corp. announced Thursday its plans to sell $1.8 billion in debt in a private offering to institutional buyers. The company will offer $800 million in 1.375% senior notes due in 2026 and $1 billion in 2.45% senior notes due in 2031. AES intends to allocate an amount equal to the net […]
Two Va. companies land spots on $496M Washington Headquarters Service contract
Arlington-based Washington Headquarters Service awarded two Virginia companies spots on a potential five-year, $496 million contract to support the Office of the Under Secretary of Defense for Research and Engineering, the U.S. Department of Defense announced Thursday. Chantilly-based engineering and tech contractor American Systems Corp. and Alexandria-based Modern Technology Solutions Inc. (alon[...]
