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Tegna receives new acquisition offer
Now the subject of a bidding war, Tysons-based broadcast and digital media company Tegna Inc. has received a new acquisition offer from investment firm The Najafi Cos. and religious broadcaster Trinity Broadcasting Network (TBN) that values the company at $20 per share cash, the companies announced Thursday. Tegna was once part of McLean-based mass media […]
MicroStrategy CEO draws fire for denying COVID-19 is health crisis
Michael Saylor, the CEO of Tysons-based tech company MicroStrategy Inc., wrote a later-redacted three-page memo to his 2,400 employees this week arguing that COVID-19 is not a public health crisis and saying he refused to close down MicroStrategy’s offices and shift to teleworking unless he was legally required to do so. In the letter, he […]
SAIC wins $950M DoD contract
Reston-based Science Applications International Corp. (SAIC) announced Thursday that it has been awarded a $950 million contract from the Defense Logistics Agency — a combat support agency of the U.S. Department of Defense that includes more than 26,000 civilian and military personnel. SAIC will take over supply chain management of paints, preservation and sealing compounds […]
Herndon-based Learning Tree names new CEO
Herndon-based information technology and management training course provider Learning Tree International Inc. on Wednesday named David Brown as its new CEO and a member of the board of directors. Brown most recently worked as the global head of sales and services for information services company Clarivate Analytics. He also previously worked for international multimedia company […]
Falls Church company sends text from space satellite to phone
Falls Church-based wireless network company Lynk Global Inc. said Wednesday that it has sent a text message from a satellite in space to a standard mobile phone on Earth. “This is a game-changer for the billions of people who own a mobile phone, for the billions who do not have affordable connectivity, and for the […]
DXC Technology names executive vice president, offerings and strategic partners
Tysons-based DXC Technology named Ken Corless as executive vice president, offerings and strategic partners, on Friday. Corless will be based in the company’s Chicago office. Corless was most recently the chief technology officer for Deloitte’s Cloud Practice in his 30-year career in the information technology industry. Before Deloitte, he spent more than 28 years at […]
OBXtek Inc. wins $44.2M State Dept. contract
McLean-based information technology government contractor OBXtek Inc. was awarded a five-year, $44.2 million contract from the Department of State to support the Bureau of Diplomatic Security’s Technical Security Engineering (TSE) Division, OBXtek announced Wednesday. OBXtek will provide program management, operational support and administrative support, as well as developing training analys[...]
SAIC to raise $400M to finance Unisys Federal acquisition
Reston-based federal contractor Science Applications International Corp. (SAIC) will raise $400 million to finance its $1.2 billion acquisition of Reston-based Unisys Federal, the company announced Wednesday. SAIC will launch an offering of senior notes due in 2028 and will use the proceeds, cash on its balance sheet, borrowings under its credit facility and proceeds from […]
MBA Consulting Services names COO
Chantilly-based management consulting firm MBA Consulting Services Inc. on Monday named Mark Colturi as chief operating officer. Colturi was most recently the executive vice president of Sevatec Inc., but served as principal of Booz Allen Hamilton for 25 years until 2012. He has approximately 35 years of experience total having also worked at Digital Management […]
Reston-based Stanley-Martin to acquire Essex Homes
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm, Daiwa House […]
Booz Allen Hamilton awarded $147.4M NIH contract
McLean-based information technology consulting firm Booz Allen Hamilton has been awarded a $147.4 million contract to provide technical support for the National Institutes of Health’s National Institute of Allergy and Infectious Diseases (NIAID). Under the five-year contract, Booz Allen will work with NIAID’s Office of Computer Infrastructure and Computational Biology to develop and ma[...]
SAIC exec joins Intelligence and National Security Alliance board
Arlington-based nonprofit Intelligence and National Security Alliance (INSA) named Michael LaRouche, an executive with Reston-based Science Applications International Corp. (SAIC), to its board of directors, INSA announced Thursday. INSA is a nonpartisan and nonprofit trade association that creates a public-private partnership for intelligence and national security issues. It has more than 160 cor[...]
