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Mitre tech foundation launches 5G consortium
McLean-based The Mitre Corp. announced Tuesday that its tech foundation, Engenuity, has launched a consortium with a goal of bringing together government, industry and academic institutions to advance innovations in 5G technology. The Open Generation Consortium’s founding members are Ericsson, Nokia Corp., Verizon, Altiostar, First iZ, Hush Aerospace, Kittyhawk, CTIA – The Wireless Associa[...]
CIT names VP, entrepreneurial ecosystems
The Herndon-based Center for Innovative Technology (CIT) announced Wednesday that it has hired Sean Mallon as vice president for its Entrepreneurial Ecosystems Division. One of the CIT’s four newly created divisions, the Entrepreneurial Ecosystems Division serves as the operating arm for the Virginia Innovation Partnership Authority (VIPA). The division is designed to develop and strengthe[...]
BBB National Programs opens new HQ office in Tysons
Nonprofit BBB National Programs announced Friday the opening of its new 15,300-square-foot headquarters in Tysons. Located at 1676 International Drive, the location will allow for an operations expansion and allow BBB National Programs to grow its portfolio of self-regulation and dispute resolution programs, according to an organization statement. “As an organization that is proud to [&h[...]
SAIC names executive VP, CFO
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it has hired Prabu Natarajan as executive vice president and chief financial officer, effective Jan. 4, 2021. Natarajan most recently worked with Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. as vice president for financial strategy and planning, vice president [...]
Cincinnati consulting firm buys McLean tech contractor
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp. Financial terms of the acquisition were not disclosed. This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government service[...]
General Dynamics business unit wins $42.6M contract modification
The U.S. Navy awarded Fairfax-based General Dynamics Mission Systems a $42.6 million contract modification to continue work on sustaining integrated combat management systems and associated platforms used by the branch’s littoral combat ships, the Department of Defense announced Wednesday. General Dynamics Mission Systems is a business unit of Reston-based defense contractor General Dynamics[...]
Herndon data center development company acquired by Stockholm firm
Herndon-based data center development company EdgeConneX announced Thursday the closing of its acquisition by Stockholm-based EQT Infrastructure from an investor group led by Providence Equity Partners. Financial terms of the deal were not disclosed. The companies received regulatory approval for the definitive agreement that was first announced Aug. 19. The acquisition by EQT Infrastructure wil[...]
Trustar Bank announces first acquisition
Great Falls-based Trustar Bank announced its first-ever acquisition Wednesday, taking control of Fairfax-based Granite Mortgage LLC. The acquisition will add Granite Mortgage’s full-service mortgage business line to Trustar’s (founded in 2019) banking services. Granite Mortgage will become a wholly owned subsidiary of Trustar, the first bank to be chartered and opened in Virginia in [...]
Initial jobless claims dropped 16.2% last week
The number of initial jobless claims in Virginia dropped by 16.2% last week, the Virginia Employment Commission reported Thursday, and the number of continued claims was three-quarters lower than its May 16 filing week peak. For the week ending Oct. 31, 10,350 Virginians filed initial claims for unemployment, a decrease of 2,002 from the previous […]
DynCorp wins $352M contract to support California wildfire control
The California Department of Forestry and Fire Protection (CAL FIRE) awarded McLean-based DynCorp International a potential five-year, $352 million contract to provide depot-level aircraft maintenance services to support the department’s wildfire control operations, the company announced Thursday. Under the contract, DynCorp will help CAL FIRE maintain its fleet of 57 fixed-wing vehicles. Wo[...]
Vienna federal contractor names COO
Vienna-based IT service management company Government Tactical Solutions (GovTact) announced Thursday that Luke Howe has been promoted to chief operating officer. Howe most recently served as the company’s executive vice president. In his new role, he will focus on business strategy, growth and company operations. “Luke has been instrumental in GovTact’s success over the past [&hel[...]
SAIC claims spot on $620M USDA blanket purchase agreement
The U.S. Department of Agriculture awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a position on the department’s potential five-year, $620 million Farm Production and Conservation (FPAC) multiple-award blanket purchase agreement (BPA), SAIC announced Wednesday. Under the BPA, SAIC will compete for USDA task orders for IT support services f[...]
