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Booz Allen to sell Middle East/N. Africa biz
New York-based management consulting firm Oliver Wyman announced last week that it has entered an agreement to acquire McLean-based Fortune 500 global management consultant Booz Allen Hamilton Inc.’s business serving the Middle East and North Africa (MENA) region. Financial terms of the transaction, which is expected to close this year, were not disclosed. Oliver Wyman […]
DNA lab capacity expansion to bring 70 more jobs to Fairfax
Lorton-based forensic DNA testing company Bode Technology will invest $2 million to expand its DNA testing lab capacity in Fairfax County, a project expected to create more than 70 jobs, Gov. Glenn Youngkin announced Monday. The company will reconfigure about 5,000 square feet of its lab and add laboratory benches and robotics to support increased […]
Metro releases 10-year strategic plan for development
The Washington Metropolitan Area Transit Authority, which runs Metrorail and Metrobus, released its first-ever strategic plan for joint development on Thursday, announcing an ambitious initiative to bring in 26,000 new housing units in Virginia, Maryland and Washington, D.C. The document says that 40 Metro stations — including six in Northern Virginia — have more than […]
Intelsat donates space artifact to Smithsonian
McLean-based satellite operator Intelsat Corp. has donated the launch backup of the first commercial communications satellite in geosynchronous orbit to the Smithsonian’s National Air and Space Museum. The company donated the ground spare of the Intelsat 1 satellite, also known as Early Bird. Intelsat 1 was launched on April 6, 1965, and is now inactive […]
Remembering John T. ‘Til’ Hazel Jr.: 1930-2022
John T. “Til” Hazel Jr., a major force behind the development of Tysons Corner and several Fairfax County planned communities, died March 16 at age 91. An Arlington native, Hazel also was an attorney who graduated from Harvard University and Harvard Law School. In the 1950s, Hazel began promoting commercial and residential growth in then-rural […]
Capital One inks $125M MLB sponsorship deal
Tysons-based Capital One Financial Corp. has signed a deal reportedly worth $125 million to become the official bank and credit card partner of Major League Baseball and the presenting sponsor of the World Series, Capital One and Major League Baseball announced Monday. CNBC reported the deal is worth $125 million over five years. The Fortune […]
McLean medical office building refinanced with $20M loan
Toronto-based commercial real estate firm Avison Young announced Wednesday that its debt and equity finance team had arranged a $20 million loan to refinance a medical office building in McLean. Built in 1985, the three-story, 47,000-square-foot medical office building is located at 1420 Beverly Road. A partnership between Stewart Investment Partners and Chestnut Funds owns […]
Peraton receives $254M State Department award
Herndon-based Peraton Inc. has been awarded a five-year, $254 million contract to support the State Department’s Diplomatic Security Service’s cybersecurity operations. The federal contractor announced the award Thursday. Under the contract, Peraton will provide cyber support, including incident management, threat analysis and penetration testing. Peraton will also help the department [...]
WaveDancer to acquire Herndon SaaS firm for $90M
Fairfax-based software company WaveDancer Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based software-as-a-service platform company Knowmadics Inc. for $90 million. Approximately $56.5 million in cash and $33.5 million of stock at a price of $6.50 per share comprise the $90 million total. WaveDancer intends to raise approximately $67 million […]
GDIT lands $4.5B IT contract
Falls Church-based General Dynamics Information Technology has been awarded a user facing and data center services contract from the National Geospatial-Intelligence Agency (NGA) worth $4.5 billion over a 10-year period. Under the contract, GDIT, a business unit of Reston-based Fortune 500 aerospace and defense contractor General Dynamics Corp., will operate, build, design and innovate an [&hellip[...]
Fairfax County developer John ‘Til’ Hazel Jr. dies at age 91
John T. “Til” Hazel Jr., a major force behind the development of Tysons Corner and several planned communities in Fairfax County in the late 20th century, as well as a significant booster of George Mason University, died Wednesday at age 91. An Arlington native, Hazel was also an attorney and graduated from Harvard University and […]
Booz Allen to acquire Reston-based cyber firm
McLean-based global management consultant Booz Allen Hamilton Inc. announced Wednesday that it plans to acquire EverWatch, a Reston-based government solutions contractor. Terms of the deal were not disclosed. The deal will allow Booz Allen to speed delivery of classified software development and analytics capabilities for national security clients and complements its artificial intelligence and c[...]
