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MicroStrategy buys $623M more bitcoin in March
Tysons-based tech company MicroStrategy continues to grow its cryptocurrency collection, acquiring more than 9,200 more bitcoins in one week in March. From March 11 to March 18, MicroStrategy acquired approximately 9,245 bitcoins for approximately $623 million in cash, according to the company’s Tuesday filing with the U.S. Securities and Exchange Commission. On Monday, MicroStrategy complet[...]
McLean AI health care startup raises $111M in Series A funding
McLean-based Zephyr AI has raised $111 million in a Series A funding round, the health care technology startup announced March 13. The round included participation from about 30 investors, including Revolution Growth, Eli Lilly & Co., Jeff Skoll, and Epiq Capital Group, according to a news release and a Securities and Exchange Commission filing from […]
HII’s Mission Technologies secures $305M DIA contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $305 million Defense Intelligence Agency contract to provide intelligence analysis and operational support services for the Joint Intelligence Operations Center – Korea, assisting the United States Forces Korea (USFK), HII announced Tuesday. Under the recompeted task order, HII will also assist USFK with organi[...]
MicroStrategy’s fortunes rise as bitcoin sets new record
Tysons-based tech company MicroStrategy, the world’s largest corporate holder of bitcoin, has been riding a recent surge in the cryptocurrency, which hit an all-time high of $69,324.58 Tuesday morning before falling off somewhat in the afternoon. As of Feb. 25, MicroStrategy and its subsidiaries held a total of 193,000 bitcoins, which was worth $13.38 billion […]
McLean’s Iridium to purchase Satelles
McLean-based Iridium Communications, a global satellite communications company, has entered into an agreement to acquire Satelles, a Reston-based provider of satellite-based time and location services that serve as a backup for GPS and other global navigation satellite systems (GNSS), Iridium announced Monday. Satelles’ positioning, navigation and timing (PNT) service is known as Satellite T[...]
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[...]
Amentum secures $591.6M Navy contract
Chantilly-based federal contractor Amentum Services has won a $591.6 million contract from the U.S. Naval Sea Systems Command (NAVSEA) to support eligible allied naval forces, the company announced Tuesday. Under the contract from the NAVSEA International Fleet Support Program Office, Amentum will provide life-cycle support and follow-on technical solutions — including system upgrades; systems i[...]
Navy Federal Credit Union CEO McDuffie to retire
Mary McDuffie, president and CEO of Vienna-based Navy Federal Credit Union, the nation’s largest credit union with $168.4 billion in assets and more than 13 million members, is retiring as of the end of February, and Chief Operating Officer Dietrich Kuhlmann will succeed her starting March 1, the credit union announced Wednesday. According to the […]
Leidos wins $143M DIA contract
Reston-based Leidos won a contract worth an estimated $143 million from the Defense Intelligence Agency, the Fortune 500 contractor announced Thursday. Under the single award, indefinite delivery, indefinite quantity contract from DIA’s Science and Technology Directorate, Leidos will design and implement a tasking, collection, processing, exploitation and dissemination (TCPED) system for the[...]
Peraton lands $2.8B IT defense contract
Reston-based technology contractor Peraton received a $2.8 billion Special Operations Forces IT Contract (SITEC) 3 Enterprise Operations and Maintenance task order, the contractor announced Wednesday. The task order is to provide IT platform and network services to the U.S. Special Operations Command (USSOCOM), including its component commands, its theater special operations commands, deployed for[...]
Maximus hires chief digital and information officer
Maximus has hired Derrick Pledger as chief digital and information officer, the Tysons-based federal tech contractor announced Tuesday. Pledger joins Maximus from Leidos, where he oversaw a global team as the contractor’s chief digital and information officer. At Maximus, his responsibilities will include leading the company’s technology modernization and IT strategies along with focus[...]
McLean mixed-use project, Mars expansion approved
As the third wealthiest community in the U.S., McLean is known for its luxurious mansions and classic suburban feel. That’s starting to change. In June 2021, Fairfax County supervisors adopted a plan, known as the McLean Community Business Center, to redevelop the town’s 230-acre downtown, bounded by Old Dominion Drive and Chain Bridge Road, to […]
