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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[...]
Chicago firm will acquire Tysons-based management/IT consulting firm
West Monroe, a Chicago-based business and tech consulting firm, has reached a deal to acquire Tysons-based Pace Harmon, a management and IT consulting firm. Pace Harmon works with Fortune 500 companies and other large enterprises to determine their optimal service delivery model — in IT and back-office business functions — to optimize performance, cost, responsiveness […]
Neustar to acquire DNS service
Sterling-based identity management company Neustar has agreed to acquire Verisign Public DNS, a free domain name system, from Reston-based Verisign. The DNS is essentially a phone book of the internet, translating domain names into internet protocol addresses, allowing browsers to access internet resources. The acquired service provides security and threat blocking on the internet. The […]
Reston telemedicine company goes public
Reston-based telemedicine technology provider SOC Telemed on Monday opened at $10 per share on the Nasdaq stock exchange. The company announced its public offering on Friday following its merger with Healthcare Merger Corp. (HCMC), a special purpose acquisition company. Merger transaction details were not disclosed. “Today marks an important milestone for SOC Telemed in our […]
Securitas Critical Infrastructure Services Inc. rebrands as Paragon
Herndon-based Securitas Critical Infrastructure Services Inc. (SCIS) announced late last week it has rebranded under its subsidiary Paragon Systems Inc.’s (Paragon) name. The rebranding will include a new company image, website and brand implementation. It will become fully effective Jan. 1, 2021. “In working with our board over the past year, we have made significant […]
