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Amentum seals deal on $1.9B PAE acquisition
The $1.9 billion, all-cash acquisition of Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. has closed, the two companies have announced. The deal, which closed Feb. 15, was first announced in October 2021 and PAE’s stockholders voted to approve the deal [&hel[...]
Tegna to sell for $5.4B to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will buy Tegna for $24 per share […]
Peraton lands $2.69B Homeland Security contract
Federal contractor Peraton Inc.’s subsidiary, Perspecta Engineering Inc., landed a potential 10-year, almost $2.69 billion contract to assist the U.S. Department of Homeland Security, the company announced Wednesday. Under the indefinite quantity, indefinite quantity contract, Peraton will assist with Data Center and Cloud Optimization Support Services, providing information technology and o[...]
Reston HR firm acquired by New York insurance broker
New York-based insurance broker and consultant NFP Corp. announced Thursday it had acquired Reston-based Helios HR LLC. Financial terms of the transaction, which closed in January, were not disclosed. “I’m excited to welcome the Helios HR team to NFP,” Ethan Foxman, NFP’s Atlantic region president, said in a statement. “We’re adding depth to our capabilities, […]
GMU establishes health workforce center
George Mason University has established the Mason Center for the Health Workforce, the university announced Monday. The new center, directed by PJ Maddox and Caroline Sutter, will address the shortage and immediate need for health care workers in Virginia. It will serve as a technical assistance center for health workforce research, program evaluation, planning and […]
Volkswagen to debut electric Microbus at SXSW
Herndon-based Volkswagen Group of America announced Wednesday that it would debut its electric bus during this year’s South by Southwest (SXSW) festival, which will be held March 11-20 in Austin, Texas. Designed to recall the iconic Type 2 Microbus introduced in 1967, the ID. Buzz is Volkswagen’s second noncommercial electric vehicle. The vehicle’s modern incarnation […]
ID.me to drop facial recognition requirement for government agencies
Amid concerns over privacy and data security, McLean-based tech company ID.me announced Tuesday it would drop the facial recognition requirement in its identity verification software, offering a new option to all government clients. Founded in 2010 as TroopSwap, ID.me works with 10 federal agencies, including Social Security and Veterans Affairs, and 30 states, in addition […]
Herndon telehealth company to be acquired
Herndon-based acute care telemedicine provider SOC Telemed Inc. has entered into a definitive agreement to be acquired and taken private by California-based health care investment firm Patient Square Capital, it announced Thursday. SOC Telemed stockholders will receive $3 in cash per share, which represents a 366.1% premium over SOC Telemed’s closing share price on Wednesday, […]
ManTech secures $118M Navy contract
Herndon-based tech contractor ManTech International Corp. has secured a $188 million, five-year contract to support the U.S. Navy’s Naval Surface Warfare Center Crane by providing tech solutions for intelligence, surveillance and reconnaissance by unmanned aircraft systems. “At ManTech, intelligent systems engineering is a core competency where we excel at developing innovation solutions. [...]
GDIT wins $518M Army contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) won a $518 million task order from the U.S. Army Communications Electronics Command (CECOM), the company announced Monday. Under the Worldwide Field Support task order, the Fortune 500 General Dynamics Corp. subsidiary will provide logistics, sustainment and maintenance services for joint U.S. and coalition forces in the [&hell[...]
CTSI acquires N.C. tech firm
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) has acquired Knightdale, North Carolina-based Systems Electronics Inc., the company announced Jan. 20. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners and this makes CTSI’s eighth transaction since it was acquired by Wind Point [[...]
Peraton names SVP and chief procurement officer
Dan Ostrosky became senior vice president and chief procurement officer for federal contractor Peraton Inc. on Monday. “Dan brings decades of proven experience in both procurement and profit and loss leadership and has a thorough understanding of how a strategically aligned procurement organization can be a force multiplier,” Peraton Chairman, President and CEO Stu Shea […]
