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Va. sees highest number of initial jobless claims since July 2020
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020. During the week ending Jan. 9, 28,227 Virginians filed initial claims, which was an increase of 8,697 from the previous week. This could in part […]
Northrop Grumman wins $325M Air Force contract
The U.S. Air Force awarded Falls Church-based Northrop Grumman Corp. a $325 million contract to support the Joint Surveillance Target Attack Radar System (Joint STARS). The contract goes toward work on the Total System Support Responsibility (TSSR) program, which will provide program management, engineering technical support, aircrew and maintenance training, supply chain and spares management, [&[...]
Colo.-based company acquires Herndon contractor for $112M
Colorado Springs, Colorado-based tech contractor Vectrus announced Dec. 28, 2020, that it would acquire Herndon-based Zenetex — a transaction valued at $112 million. Vectrus provides operations, logistics and IT services to the U.S. government, and Zenetex provides services to defense and national security clients. The acquisition will expand Vectrus’ client base and adds more than [&hel[...]
Booz Allen’s TEAMS business unit acquired by Chantilly company
Chantilly-based System High Corp. announced Monday it has acquired McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc.’s technical, engineering, advisory and management support (TEAMS) business unit. Financial terms of the acquisition were not disclosed, but the Booz Allen business unit includes 110 employees and serves the Missile Defense Agency (MDA). “[...]
Preferred Systems Solutions names new CEO
Reston-based federal contractor Preferred Systems Solutions has promoted Babs Doherty to be its president and CEO. Doherty led Eagle Ray Technologies Group for 18 years as its president and CEO before joining PSS in March 2020 through its acquisition of Eagle Ray, an information technology management company that she established. Formerly a senior vice president […]
Woodbridge IT firm names VP, cloud center of excellence
Woodbridge-based information technology company Sev1Tech LLC announced Thursday it has hired Matt Jordan as vice president, cloud center of excellence. With a decade of experience in cloud-based services, Jordan most recently served as vice president of corporate strategy and development at JHC Technology. In his new role, he will focus on company growth and strategic […]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing [...]
Mitre names new fellow
McLean-based The Mitre Corp. announced Thursday it has appointed Gerald Gilbert as a Mitre fellow focused on expanding the not-for-profit organization’s quantum science initiatives. Mitre fellows are a select group of scientists who lead programs at the organization, serving as subject matter experts and advisers to mission-critical programs, officers and the board of trustees. Gilbert [&hel[...]
Fairfax tech company acquires Herndon intelligence services firm
Fairfax-based federal technology company Axiologic Solutions LLC announced Thursday it has acquired Herndon-based intelligence services firm Knowledge Link. It is Axiologic’s first acquisition. Financial terms of the transaction were not disclosed, but the acquisition will nearly double the size of Axiologic, according to a company statement. “Through the combination of Axiologic and Knowl[...]
CIT announces $7M grant funding round
The Herndon-based Center for Innovative Technology (CIT) on Thursday opened the application process for $7 million in grant funds from its new Commonwealth Commercialization Fund, focused on promoting innovation and technology commercialization initiatives. The fund started six months ago. This round will provide grants up to $100,000 to support companies’ commercialization and market entry [...]
Maximus announces next CFO
Reston-based government services company Maximus announced Thursday the planned retirement of Chief Financial Officer Richard J. Nadeau, effective Nov. 30, 2021. David Mutryn, senior vice president of finance, will succeed Nadeau on Dec. 1, 2021. Nadeau, who joined the company in 2014, will continue to serve as CFO through the transition. “It has been a […]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any [&hel[...]
