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Tysons tech company buys Md.-based cybersecurity firm
Tysons-based tech company Applied Insight announced Wednesday it has acquired Hanover, Maryland-based cybersecurity firm Bridges Inc. Financial terms of the transaction were not disclosed. Applied Insight is backed by private equity firm The Acacia Group and provides cloud, data and cyber services to federal government customers. Bridges also provides network security and analytics services usin[...]
MicroStrategy ups the ante on bitcoin investment
Tysons-based business software company MicroStrategy Inc. is going all in on its bitcoin strategy: The company announced Wednesday it would raise $900 million from a convertible senior notes offering set to close on Friday. On Tuesday, the company announced a $600 million offering, which it upped to $900 million on Wednesday. Proceeds from the offering […]
Herndon contractor employee receives Intelligence and National Security Alliance award
Herndon-based satellite company HawkEye 360 Inc. announced Wednesday that Darek Kawamoto, its principal engineer for algorithms, has been honored with the Edwin H. Land Industry Award by the Intelligence and National Security Alliance (INSA). Of the six honorees receiving INSA Achievement Awards this year, Kawamoto is the only Virginia contractor employee being honored. The Edwin […]
Northrop Grumman passes early stage of $85B Air Force ICBM contract
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. announced Tuesday it underwent the first major design review — a key baseline — for the Air Force’s $85 billion Ground-Based Strategic Deterrent (GBSD) contract. In September 2020, Northrop Grumman announced the Air Force had awarded it the first $13.3 billion phase of the expected $85 […]
Reston cybersecurity firm names CFO
Reston-based LookingGlass Cyber Solutions Inc. announced last week it has hired Dana Mariano as its chief financial officer. With more than 20 years of cybersecurity experience, Mariano has overseen acquisitions of three early-stage tech companies to public entities, including Invincea to Sophos; NetWitness to RSA Security; and CareFusion to CardinalHealth. “As we prepare for LookingGlass’[...]
McLean satellite operator eyes Chapter 11 emergence
McLean-based satellite operator Intelsat Corp. announced Friday it has the support of creditors to financially restructure under Chapter 11 bankruptcy, which would decrease the company’s debt from nearly $15 billion to $7 billion. “Today’s filings and the significant consensus already achieved on the plan pave the way for the company’s emergence from the Chapter 11 […]
Fairfax and Prince William federal contractors launch joint venture
Herndon-based systems integration company Tyto Athene LLC and Veterans First Initiative (VFI) LLC of Prince William County have launched a joint venture: Haymarket-based Optima Government Solutions LLC. Optima will provide IT services including engineering and systems integration to the U.S. federal government and U.S. Department of Defense. The joint venture is a service-disabled veteran-owned[...]
General Dynamics wins $111.8M Army contract
The U.S. Army awarded the ordnance and tactical systems unit of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $111.8 million contract to provide bomb hardware to the branch, the Department of Defense announced Friday. Under the contract, General Dynamics will provide general-purpose tritonal bomb hardware, also known as Mk-90 series bomb components. General […]
Northrop Grumman wins $236.9M contract modification
The U.S. Navy awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $236.9 million contract modification to manufacture radar systems for the U.S. Marine Corps, the Department of Defense announced Friday. Under the modification, Northrop Grumman will manufacture eight gallium nitride (GaN) active electronically scanned array radar systems. Used on Ground/[...]
Va. joint venture lands $1B Dept. of Energy contract
The Office of Environmental Management (EM) awarded Herndon-based joint venture SRS Critical Infrastructure Security LLC (SCIS) a 10-year, potential $1 billion contract to provide security services, the Department of Energy announced Friday. The goal of the contract is to provide security for special nuclear materials under the Safeguards and Security (S&S) program. SCIS includes Securitas [&h[...]
Serco. Inc. to acquire Reston contractor for $295M
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Tuesday it will acquire Reston-based H.I.G. Capital affiliate Whitney, Bradley & Brown for $295 million. The acquisition, which is expected to close during the second quarter of 2021,will increase Serco’s program management services for the Department of Defense, according to a [&hellip[...]
Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins
Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission. In an undated letter to employees, […]
