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GMU biz school receives $50M bequest
George Mason University’s School of Business will be renamed for the late Donald G. Costello, a Loudoun County native and business owner who left the university $50 million in his will, GMU announced last week. The donation is the university’s largest individual gift in its 50-year history. Costello, who died in 2017 at the age […]
Katie Cristol to lead Tysons development nonprofit
Arlington County Board of Supervisors member Katie Cristol will step down early to take a job as the first permanent CEO of the Tysons Community Alliance, the Tysons community development nonprofit announced Tuesday. Cristol will assume the role on July 5, relieving acting CEO Richard Bradley. In October 2022, the Tysons Community Alliance replaced the […]
Regional TIDs generate tourism marketing bucks
Tourism improvement districts are new to Virginia, but they’ve been in place elsewhere for two decades. Designated areas that raise funds for tourism marketing through hotel assessments, TIDs were passed by the Virginia General Assembly in 2021, and a Richmond-area TID is expected to launch this year. “There are more than 200 TIDs already in […]
Pack your bags
Although hospitality in Northern Virginia is taking its time toward a full comeback, there are a few signs that the industry is bouncing back — chiefly midweek hotel bookings. Business travelers, the bread and butter of Washington, D.C.’s hospitality industry, are more likely to purchase last-minute plane tickets that cost more, spend more on meals […]
SAIC wins $889M defense contract
Reston-based Science Applications International Corp. (SAIC) has won an $889 million contract to develop and implement an information technology solution for the Defense Counterintelligence and Security Agency’s systems, SAIC announced Tuesday. As the prime contractor, SAIC will develop One IT, an enterprise IT solution with an adaptable infrastructure and customer support. The company’[...]
ASRC Federal buys Manassas defense contractor
Reston-based ASRC Federal Holding Co. has acquired Manassas-based defense contractor Broadleaf Inc., ASRC announced Monday. Financial details of the transaction were not disclosed. Founded in 2009, Broadleaf is a U.S. Small Business Administration Certified Native Hawaiian Organization. The company provides information technology services and professional services. Broadleaf was No. 977 on the 202[...]
HII announces more than $1.8B in contracts
Newport News-based Huntington Ingalls Industries Inc. on Tuesday announced more than $1.8 billion in contracts awarded to its mission technologies and shipbuilding divisions. The company’s McLean-based Mission Technologies was awarded a $1.3 billion U.S. African Command Personnel Recovery Enterprise Services and Solutions (PRESS) task order, which has a one-year base period with up to six [&[...]
Rolls-Royce North America names new CEO
Rolls Royce plc has named Adam Riddle as the new chairman and CEO of its Reston-based North American branch, as well as president of its defense division, effective immediately. He succeeds Thomas Bell, who recently was hired to lead Leidos. Riddle, a former Army officer and Boeing Co. executive, has been with Rolls-Royce’s defense branch […]
Mars to acquire Colorado pet care company for $1.2B
McLean-based global candy and pet food manufacturer Mars Inc. has entered into a definitive agreement to acquire Loveland, Colorado-based veterinary diagnostic and specialty product provider Heska Corp. in a deal valued at $1.2 billion, or $120 per share, the companies announced Monday. Heska will join Mars Petcare, expanding its science and diagnostics division. “This transaction […]
McLean startup raises $75M for air taxi network
Fritz Lang’s 1927 film “Metropolis” predicted cities with flying cars, while Hanna-Barbera followed that vision 35 years later with “The Jetsons” and its commuter “skyways.” Now, however, air taxis are close to becoming reality. The industry could generate up to $16 billion in new business investments in Virginia and carry as many as 66 million […]
SAIC hires SVP of Navy unit
Barbara Graham has been hired as senior vice president of Reston-based Fortune 500 federal contractor Science Applications International Corp.’s Navy business unit, SAIC announced Wednesday. Graham, who started Tuesday, will oversee the $1 billion SAIC unit, which serves U.S. Navy and Marine Corps customers. She reports to Bob Genter, president of SAIC’s defense and civilian […]
Vienna digital development firm acquires health tech company
Vienna-based digital development company 10Pearls has acquired Inspirant Group, a health care strategy consulting firm based just outside Chicago, 10Pearls announced Monday. Financial terms of the transaction were not disclosed. “We are delighted to welcome Inspirant Group to our team at 10Pearls. … The combination of our two teams will allow us to partner with […]
