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Maximus announces feds have backed off $6.6B contract rebid
Editor’s Note: This story has been updated to correct an error in the original version, which incorrectly stated that the contract, not the rebidding process, had been canceled. Tysons-based Maximus, a government contractor specializing in administrative support for Medicare and Medicaid, announced Tuesday that the U.S. Department of Health and Human Services has canceled efforts […]
United begins building $16M training center in Fairfax County
United Airlines has started construction on a $16 million inflight training center in Fairfax County, the county’s economic development authority announced Monday. The 20,000-square-foot facility near the airline’s hub at Washington Dulles International Airport, which straddles the Fairfax and Loudoun county lines, is expected to open in 2025. “We are excited and honored that United [...]
Volkswagen’s U.S. subsidiary names new president and CEO
Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in September 2022, […]
Paragon Systems fined $52M for alleged fraud
Herndon-based federal contractor Paragon Systems agreed Tuesday to pay $52 million to resolve allegations by the U.S. Department of Justice that Paragon used its own subsidiaries to fraudulently win small business set-aside contracts, violating the federal False Claims and Anti-Kickback acts. The company is one of the federal government’s largest providers of security, fire and […]
MicroStrategy holdings surge in value as bitcoin breaches $87,000
Bitcoin whale Michael Saylor, the executive chairman of Tysons-based tech company MicroStrategy, has reason to gloat today. Under Saylor’s laser-eyed guidance, MicroStrategy has pursued bitcoin as an investment strategy since 2020. The company announced its first bitcoin purchase in August 2020, making it one of the first public companies to convert its cash treasury reserves […]
Navy Federal ordered to refund customers $80M, pay $15M civil penalty
The Consumer Financial Protection Bureau is ordering Navy Federal Credit Union to refund more than $80 million to customers and pay a $15 million civil penalty for allegedly charging illegal overdraft fees. CFPB announced the actions against the nation’s largest credit union on Thursday. CFPB alleges that from 2017 to 2022, Vienna-based Navy Federal charged […]
Work begins on phase 2 of McLean affordable housing development
Construction has started on the second phase of the two-phase Somos at McLean Metro, an affordable housing development backed by Amazon.com, SCG Development, a Tysons real estate developer, announced last week. Work on the 231-unit first phase began in April. Phase B will add 225 new units, a mix of studio and one-, two- and […]
NoVa developer won’t pull plans for Pittsylvania power plant, data centers
Despite vocal public opposition, developer Irfan Ali of Herndon-based company Balico says he’s still moving forward with seeking local government approval for a power plant and data center campus he wants to build on 2,233 acres in the Banister district of Pittsylvania County. County residents turned out in large numbers for two public meetings about […]
Avionics manufacturer will invest $5M on Reston office and R&D facility
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&h[...]
HII’s Mission Technologies secures $3B DOD contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $3 billion contract to provide the Department of Defense logistics and intelligence support and technology. Under the Logistics Services, ISR [Intelligence, Surveillance and Reconnaissance] Operations and Next-Gen Technology (LOGIX) task order, the HII division will provide strategy-level support to the DOD and i[...]
Appian taps new chief revenue officer
Mark Dorsey is Appian’s new chief revenue officer, the McLean cloud computing and software company announced Oct. 11. He replaces Christopher Jones, who left in April to become chief revenue officer for New Relic, a software developer based in San Francisco. Dorsey, who has a MBA from the Carroll School of Management at Boston College, […]
Marble Systems to build facility in Caroline County
A Fairfax County-based stone products manufacturer and distributor, Marble Systems, will invest $9.7 million on a warehouse and distribution center in Caroline County, creating an estimated 59 jobs, Gov. Glenn Youngkin announced Friday. Virginia competed with South Carolina, New Jersey and Georgia for the project, which will also include cut stone and stone product manufacturing […]
