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Reston telemed company announces leadership changes
Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]
Perspecta wins $112M Space Development Agency contract
Chantilly-based federal contractor Perspecta Inc. announced Monday that it has received a potential five-year, $112 million contract to perform systems engineering and integration (SE&I) work for the newly established Space Development Agency (SDA). Work on the project started in late October under an initial $17.8 million task order. Under the contract, Perspecta engineers and architects [&he[...]
Reston IT company acquires cybersecurity firm
Reston-based information technology company Intelligent Waves LLC announced Monday it has acquired Maryland-based cybersecurity firm Ski Systems Inc. Financial terms of the transaction were not disclosed. Through the acquisition, Intelligent Waves will gain cybersecurity compliance expertise. Intelligent Waves is a service-disabled veteran-owned small business that was founded in 2006 by Jared She[...]
Northrop Grumman books $73M Air Force contract to update missile tech
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a $73.2 million delivery order from the U.S. Air Force to incorporate new capabilities into a remote visual assessment tool in support of the Minuteman III missile’s production and deployment. The company will modify the Remote Visual Assessment II program to enable […]
Spotify completes $235M acquisition of Reston-based Megaphone
Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales fo[...]
Leidos to acquire 1901 Group for $215M
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it will acquire Reston-based information technology services company 1901 Group for $215 million. “We are pleased to welcome 1901 Group’s team of digital transformation experts who share Leidos’ commitment to making the world safer, healthier and more efficient through IT,” Leidos Chairman and CE[...]
Northrop Grumman CEO Kathy Warden to chair Aerospace Industries Association board
The Aerospace Industries Association (AIA) announced Tuesday it has named Northrop Grumman Chairman, President and CEO Kathy Warden to serve as the chair of the AIA’s board of governors for 2021. Mike Petters, president and CEO of Newport News-based Huntington Ingalls Industries, will serve as vice chairman. Since 1919, the AIA has served as the […]
PAE lands $98M Air Force contract
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Thursday it has been awarded a $98 million contract from the U.S. Air Forces in Europe and Africa (USAFE-AFAFRICA) to provide electronic warfare operations training and infrastructure maintenance support. Task orders under the contract are projected to be performed in the United […[...]
eHealth Technologies creating 160 jobs in Scott County
eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]
Va. initial jobless claims nearly doubled last week
The number of initial jobless claims filed last week jumped 93.5% — its highest level since the Aug. 8 filing week, the Virginia Employment Commission reported Thursday. For the week ending Dec. 5, 16,654 Virginians filed initial claims for unemployment, nearly a two-fold increase of 8,048 from the previous week. “While one week doesn’t constitute […]
MicroStrategy to increase bitcoin holdings by $550M
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it will increase its bitcoin holdings by as much as $550 million following a convertible debt offering. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies […]
Leidos wins potential $1.76B FAA contract
Reston-based Fortune 500 government contractor Leidos Holdings Inc. was awarded a 10-year contract potentially worth $1.76 billion to continue implementing National Airspace System modernization programs for the Federal Aviation Administration, the U.S. Department of Transportation announced Tuesday. The NAS Integration Support Contract IV contract has a four-year base period and two three-year op[...]
