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Virginia’s Fortune 500 companies
This year, 24 Virginia companies made the Fortune 500 list of the nation’s 500 largest publicly traded companies in the United States by total revenue. The commonwealth had three more Fortune 500 companies in 2023 than last year, largely due to aerospace and defense contractors RTX (formerly Raytheon Technologies Corp.) and Boeing Co., which both […]
Amentum-led team receives $5.87B nuke cleanup contract
A team led by Chantilly-based federal contractor Amentum Services Inc. will manage the decontamination and decommissioning of a Cold War-era nuclear weapons complex under a $5.87 billion, 10-year contract announced by the U.S. Department of Energy Thursday. Southern Ohio Cleanup Company LLC, based in Aiken, South Carolina, is a joint venture led by Amentum Environment […]
Five Guys moving HQ to Alexandria
Five Guys Enterprises LLC is moving its corporate headquarters from southern Fairfax County to Alexandria this month, a spokesperson confirmed Friday. The new main office for the family-owned hamburger chain will be in leased space at 1940 Duke St., starting July 17. Friday was the company’s last day at its Lorton headquarters at 10718 Richmond […]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
Intelsat-SES merger talks called off
Merger talks between McLean-based satellite operator Intelsat and Luxembourg-based competitor SES S.A. have been called off, SES said in a post on its website Thursday. The merger was anticipated to have created a $10 billion global business. SES confirmed March 29 that the companies had “engaged in discussions” about combining, but said at the time, […]
SAIC receives $1.3B Treasury contract
Reston-based Fortune 500 contractor Science Applications International Corp. (SAIC) will provide the U.S. Department of the Treasury with a range of cloud and professional services under a seven-year, $1.3 billion contract, the company announced Thursday. Dubbed “T-Cloud,” SAIC will deliver a shared-service cloud infrastructure model providing enterprise-wise efficiencies in access, c[...]
GDIT receives $383M Navy contract
Falls Church-based General Dynamics Information Technology Inc. will help train more than 100,000 U.S. Navy and allied sailors on surface combat systems under a $383 million contract announced June 15. The contract, awarded by the Naval Surface Warfare Center Dahlgren on behalf of the service’s Surface Combat Systems Training Command, has a one-year base and […]
NoVa housing forecast: sellers’ market to continue
Northern Virginia’s housing market will likely remain a sellers’ market for the rest of 2023, according to a Northern Virginia Association of Realtors market forecast released June 6. NVAR and George Mason University’s Center for Regional Analysis predict a continuing housing inventory shortage and pent-up demand from buyers amid positive economic conditions but mounting risks. [[...]
HII Mission Technology promotes two execs
Newport News-based Huntington Ingalls Industries Inc.’s McLean-based Mission Technologies division has promoted Garry Schwartz, formerly a group president, to chief operating officer on June 1. At the same time, the company also promoted Todd Gentry to president of the division’s C5ISR (command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance) [...]
NoVa chamber inducts Deb Gandy as next chair
Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first Black woman to chair the chamber, previously served as the chamber’s 2022-2023 vice chair and succeeds Matt McQueen, Peraton Inc.’s chief communications and engagement officer, […]
Leidos hires former NSA official as chief security officer
Reston-based Leidos has named a former national security official as its senior vice president and chief security officer, the Fortune 500 federal contractor announced Monday. Amy Davis most recently served as deputy chief for the National Security Agency’s Office of Security and Counterintelligence, where she led a team responsible for protecting civilian, military and contractor personnel[...]
36 Va. companies make 2023 Fortune 1000 list
Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Releas[...]
