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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[...]
Amazon now a top 10 employer in three NoVa counties
Amazon.com Inc. became one of the top 10 employers in three Northern Virginia counties in 2020, according to fiscal year financial reports in Arlington, Fairfax and Loudoun. In Fairfax, the e-tail giant ranks seventh among top principal employers, making up 1.17% of all county employees, which number between 5,000 and 9,999. In Loudoun, Amazon employs […]
Capital One CFO to leave in March 2021
McLean-based Capital One Financial Corp. Chief Financial Officer R. Scott Blackley will step down in March 2021 to hold the same position with New York City-based health insurance startup Oscar Health Insurance Corp., the company announced last week. Capital One is the largest bank in Virginia, according to 2019 deposits. Senior vice president and business […]
Tysons IT company acquires Fla.-based tech training company
Tysons-based information technology company By Light Professional IT Services LLC announced Friday it has acquired Port Orange, Florida-based technology training company Raydon. Financial terms of the acquisition were not disclosed. Founded in 2002, By Light provides engineering, cyber, modeling and simulation services to defense and government agencies, employing more than 2,000 people. Raydon, w[...]
Navy awards Bechtel $1.14B in contract modifications
The U.S. Navy awarded Reston-based Bechtel Corp.’s plant machinery company two contract modifications with a combined $1.14 billion in value to provide propulsion components for the branch’s nuclear-powered ships, the Department of Defense announced Thursday. The goal is to provide the military with effective nuclear propulsion plants and ensure that they are safe and reliable, [&helli[...]
NuWave Solutions acquires San Diego-based analytics company
McLean-based federal technology contractor NuWave Solutions LLC announced Thursday it has acquired BigBear Inc., a cloud-based big data analytics firm in San Diego. Financial terms of the transaction were not disclosed. This marks NuWave’s first acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Founded in […]
ManTech wins $273M Homeland Security contract
The U.S. Department of Homeland Security awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a five-year, $273 million contract to provide business intelligence support services for Customs and Border Protection (CBP), the company announced Thursday. Under the contract, ManTech will perform services that prevent crime and terrorism, [...]
IronArch Technology names chief strategy, growth officer
McLean-based federal consulting firm IronArch Technology LLC announced Tuesday it has hired Cameron Hogan as chief strategy and growth officer. With more than 30 years of experience, Hogan was most recently the chief strategy officer at Norfolk-based consultancy Falconwood Inc. In his new role, he will focus on corporate growth while IronArch transitions from a […]
Noblis names defense mission VP
Reston-based not-for-profit federal contractor Noblis announced Tuesday it has hired Glenn Hickok as vice president of its defense mission area, which provides advanced analytics services for warfighters. Hickok was most recently the president of mobile forensic software company MSAB’s North American subsidiary. At Noblis, he will direct the company’s work for Department of Defense cus[...]
Salesforce to acquire McLean-based Acumen Solutions
On Dec. 1, the same day it announced that it was acquiring workplace communication service company Slack for $27.7 billion in cash and stock, cloud-services company Salesforce.com Inc. revealed that it’s also acquiring McLean-based professional services firm Acumen Solutions. San Francisco-based Salesforce has entered into a definitive agreement to acquire Acumen Solutions. In a statement [&[...]
New president and CEO starts at Reston-based federal contractor
On Dec. 2, William Schaefer took the helm as the new CEO and president of Reston-based federal contractor Amyx Inc. With more than 20 years of leadership experience in the technology sector, Schaefer succeeds Satya Akula, who announced his retirement in November. Schaefer joined Amyx more than a decade ago and has spent the past […]
