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VA awards Arlington tech company $153M contract
The U.S. Department of Veterans Affairs (VA) awarded Arlington-based federal technology contractor CACI International Inc. a six-year contract worth up to $153 million to modernize the department’s legacy financial management system, the VA announced Monday. The VA received three bids for the contract, which was awarded through the General Services Administration’s Information Technolo[...]
Trustify CEO charged with defrauding investors
Daniel Boice, CEO and founder of Arlington-based tech startup Trustify Inc., was charged by federal prosecutors Monday with fraud and money laundering charges related to a scheme to defraud investors of $18.5 million. In a parallel action, the Securities and Exchange Commission also charged Trustify Inc. and Boice with violating the antifraud provisions of the […]
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
Leonardo DRS lands $120M Navy contract
Arlington-based defense contractor Leonardo DRS Inc. announced Monday it has won a $120 million U.S. Navy contract to provide engineering design and test software for aircraft protection systems. The contract was awarded through the U.S. Naval Air Systems Command, and the project will be completed on the AN/AAQ-45 Distributed Aperture Infrared Countermeasure (DAIRCM). The DAIRCM […]
Arlington government contractor names chairman
Arlington-based federal contractor Govini announced Monday that former Deputy Secretary of Defense Robert O. Work has been elected as chairman of its board of directors. Work served as the 32nd deputy defense secretary from 2014 to 2017. He was under secretary of the Navy, the service’s second-highest ranking civilian position, from 2009 to 2013 and […]
Excella wins $20B federal contract for IT services
Arlington-based software and information technology management company Excella announced Wednesday it was awarded a contract worth up to $20 billion from the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC). “We pride ourselves on our industry-leading expertise in modernizing IT across the federal government,” Excella co-founder and CEO Bu[...]
Veterans affordable housing complex coming to Arlington
Arlington Partnership for Affordable Housing (APAH) has purchased the former Arlington American Legion Post 139 building for $8.8 million to construct apartment units and a new veterans programming center, Toronto, Canada-based real estate company Avison Young Inc. announced Monday. The Arlington chapter of the American Legion — a national organization that provides programming for veterans �[...]
Arlington tech company names COO
Arlington-based tech company Excella Consulting Inc. announced Tuesday it has named Sandy Gillespie as its chief operating officer. Gillespie was most recently COO and executive vice president for Reston-based NCI Information Systems Inc. since April 2018. In her new role at Excella, she will oversee client delivery and growth strategies. She has been in the […]
Arlington Chamber taking over Awesome Women group
The Arlington Chamber of Commerce will be taking over the Arlington-based professional networking group Awesome Women (AWE) starting in 2021, the chamber announced Thursday. During the transition period, the new Arlington Chamber Chapter of AWE will begin offering will begin offering AWE-branded women’s-only networking events this fall. Founded in 2014 by Karen Bate and Evelyn […]
Arlington’s Venture Global LNG signs sales agreement with French utility
A subsidiary of Arlington-based liquefied natural gas producer Venture Global LNG Inc. has entered into a 20-year sales and purchase agreement to provide 1 million tons of liquified natural gas per year to the world’s largest electricity producer, Électricité de France (EDF), Venture Global announced Tuesday. Venture Global Plaquemines LNG LLC, a 630-acre natural gas […]
SAIC exec joins Intelligence and National Security Alliance board
Arlington-based nonprofit Intelligence and National Security Alliance (INSA) named Michael LaRouche, an executive with Reston-based Science Applications International Corp. (SAIC), to its board of directors, INSA announced Thursday. INSA is a nonpartisan and nonprofit trade association that creates a public-private partnership for intelligence and national security issues. It has more than 160 cor[...]
Arlington machine learning developer receives $63M investment
Arlington– and Boston-based machine learning developer Carbon Relay received a $63 million investment from New York City-based venture capital and private equity firm Insight Partners, the companies announced Wednesday. Carbon Relay will use the investment to grow its Red Sky Ops platform for optimizing application performance in Kubernetes environments. Kubernetes — originally developed b[...]
