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California business acquires Falls Church wealth management firm
Beacon Pointe Advisors has acquired Falls Church-based Hemington Wealth Management, adding $1.2B in assets.
Northrop Grumman taps new CFO
Northrop Grumman has elected former Discover Financial executive John Greene to be its chief financial officer.
General Dynamics unit wins $1.25B Army contract
General Dynamics Information Technology announced last week it was awarded a $1.25 billion task order to modernize Army IT infrastructure.
Home sales increase across Virginia
Housing sales increased year-over-year in north Northern Virginia, Central Virginia and Hampton Roads, signaling a healthy market.
GDIT secures $396M Special Operations Command contract
Falls Church federal contractor General Dynamics Information Technology won a $396 million contract to support the U.S. Special Operations Command.
Housing sales decline in NoVa, Hampton Roads
Housing sales last month decreased year-over-year in Northern Virginia and Hampton Roads, although inventory and median sales prices rose.
BAE Systems lands $1.2B contract for missile-tracking satellite cluster
BAE Systems Inc.’s Space and Mission Systems business has won a $1.2 billion U.S. Space Force contract.
Three CEOs from Virginia return to Fortune’s most powerful women list
Three Virginia defense contractors' CEOs returned to Fortune's 100 Most Powerful Women in business list for 2025. They lead General Dynamics, Northrop Grumman and SAIC.
Boeing doesn’t expect its recovery to be impacted by trade war with China
Boeing CEO Kelly Ortberg said Wednesday that he doesn't expect the U.S. trade war with China to forestall the Arlington County-based company's financial recovery. Meanwhile, RTX and General Dynamics surpass Wall St. expectations and Northrop Grumman is below forecast.
Kastle takes majority stake in Mich. security business
Kastle Systems, a Falls Church security solutions company, has taken a majority stake in i2G Systems, a Michigan-based electronic security service provider firm. Kastle did not clarify the amount of the investment. “Kastle’s strategic investment in i2G — a majority stake — is the largest investment in our company’s 50-year history,” Kastle CEO Haniel Lynn […]
Hitt acquires Central Consulting & Contracting
National commercial general contractor Hitt announced Tuesday that it has acquired health care construction firm Central Consulting & Contracting. Headquartered in Falls Church, Hitt Contracting provides commercial construction services throughout the country, including complex core and shell buildings, renovations, interior fit-outs and routine service work. The company has 14 office locati[...]
BAE Systems wins $251M contract to support Navy AEGIS Combat System
The U.S. Navy has awarded Falls Church-based federal contractor BAE Systems with a five-year, $251 million contract to provide critical system engineering and on-site technical expertise to the AEGIS Technical Representative (AEGIS TECHREP) organization. Under the contract, which was awarded in November 2024 and announced Feb. 17, BAE Systems will support the complex combat system […]
