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Trump administration withdraws $39.27M for Norfolk offshore wind project
The Trump administration withdrew $39.27 million in federal funding that had been awarded for an offshore wind logistics port in Norfolk.
Banking | Finance 2025: HUTCHINS, MICHAEL T.
It’s musical chairs at Freddie Mac, Virginia’s top-ranked company on Fortune’s U.S. and Global 500 lists. In March, Hutchins became the government-sponsored home mortgage company’s interim CEO for the second time in a year after the Trump administration fired Diana Reid, who’d served as CEO just over six months. It’s a pivotal time for Freddie […]
Government Contractors | Technology 2025: FERNANDEZ, RAUL
A Maryland native, Fernandez was named president and CEO of Fortune 500 IT services and consulting company DXC Technology in 2024 after serving as interim head. He succeeded former CEO Mike Salvino following three years of declining revenues. In May, the company’s board extended Fernandez’s contract through 2028. Headquartered in Ashburn, DXC has roughly 130,000 […]
Government Contractors | Technology 2025: ESCARAVAGE, STEVE
Escaravage leads Booz Allen’s newly formed Defense Technology Group, a position he has held since April 1. In his new role, Escaravage is responsible for speeding capabilities for the company’s defense customers. Escaravage received his fourth Wash100 award from Executive Mosaic in 2025 and chairs the AI group for its 4×24 Executive Leadership Series. He […]
Government Contractors | Technology 2025: ORTBERG, ROBERT K. ‘KELLY’
In August 2024, Ortberg succeeded Dave Calhoun as the Fortune Global 500 aerospace and defense giant’s chief executive. Ortberg is the retired president and CEO of Collins Aerospace, previously Rockwell Collins and now absorbed into Arlington-based defense contractor RTX. He serves on the Aerospace Industries Association’s executive committee. Boeing’s commercial jet sector’[...]
Government Contractors | Technology 2025: NOVAKOVIC, PHEBE N.
Novakovic has led General Dynamics, one of the world’s largest aerospace and defense companies, since 2013. During her tenure, General Dynamics, with Newport News Shipbuilding as a subcontractor, won the Navy’s largest-ever shipbuilding contract, worth up to $24.2 billion, to build nuclear submarines. The Fortune Global 500 company employs over 100,000 people and reported $47.7 [&helli[...]
Government Contractors | Technology 2025: ROZANSKI, HORACIO D.
Rozanski leads Fortune 500 global management, technology, engineering and consulting firm Booz Allen, the largest provider of AI services to the federal government. Booz Allen employs 35,800 people worldwide and reported fiscal 2025 earnings of $12 billion. Born in Argentina, Rozanski started out at Booz Allen as an intern in 1991, working his way up […]
Government Contractors | Technology 2025: BELL, THOMAS A.
Formerly chairman and CEO of Rolls-Royce North America, Bell became CEO of Fortune 500 defense, aerospace and information technology firm Leidos in 2023. Bell is a two-time recipient of a Wash100 award from Executive Mosaic. Leidos has landed some huge wins under his leadership, including a Transportation Security Administration contract awarded in December 2024 valued […]
US government halts nearly complete offshore wind farm. Is Virginia’s next?
The Trump administration last week halted construction on a nearly complete wind farm off the coast of Rhode Island and Connecticut.
CACI awarded $1.64B Transportation Command contract
CACI International has been awarded a potential 10-year, $1.64 billion contract from the U.S. Transportation Command.
Trump eyes Fannie Mae, Freddie Mac IPO in 2025
Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.
Dollar Tree promotes new chief legal officer
Dollar Tree announced Thursday that it has appointed legal expert John S. Mitchell as its new chief legal officer and corporate secretary.
