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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 Federal Services completes Cognosante buy
Arlington County-based Accenture Federal Services has completed its acquisition of Falls Church-based Cognosante, AFS announced Monday. With the acquisition, AFS plans to create a new federal health portfolio. The deal adds 1,500 employees to AFS’ workforce. “The health market is a unique mission space in the U.S. federal government,” Accenture Federal Services CEO John Goodman [&hel[...]
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. […]
StartVirginia: HEARD AROUND VIRGINIA
Comcast said April 9 it is opening grant applications for a program benefiting small businesses across Greater Richmond. The global cable broadcasting company said the grant packages include business coaching, education sources, media schedules, creative production, technology makeovers and $5,000 in cash. Comcast’s RISE program is aimed at supporting the growth of small businesses while [&h[...]
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 […]
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 […]
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 […]
Northern Va. Year-in-Review: Back to the cookie jar
Data centers continued to dominate, define and, in some cases, shape the arc of Northern Virginia’s 2023 economic story. Amazon Web Services cleared its hurdle in Stafford County, and although Prince William County’s controversial Digital Gateway project faced major public backlash, supervisors ultimately voted to approve the 1,200-acre project’s rezoning applications in December[...]
CoStar Group moving global HQ to Arlington
UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com and Homes.com, the real estate analytics and data […]
RTX subsidiary lands $154M Army contract
Raytheon, a subsidiary of Arlington County-based RTX, received a $154 million contract to deliver independent viewer systems to the U.S. Army, the Fortune 500 aerospace and defense contractor announced Wednesday. Under the contract, Raytheon, which, like its parent company, is also based in Arlington, will deliver Commander’s Independent Viewer (CIV) systems for the Army’s Bradley [&he[...]
