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RTX subsidiary lands $578.6M Army contract
Raytheon has been awarded a $578.63 million U.S. Army contract to procure Stinger missiles, ancillary equipment and related support.
RTX subsidiary hit by major cyberattack
A major ransomware against an RTX subsidiary disrupted check-in and boarding systems at several airports across Europe over the weekend
Virginia’s Performance Food Group exploring merger with US Foods
Performance Food Group has entered into an agreement with US Foods to begin sharing information, hinting at a possible merger.
SAIC names chief growth officer
SAIC promotes Bob Ritchie to chief growth officer, uniting technology and business development.
Dollar Tree promotes exec to chief merchandising officer
Dollar Tree announced Tuesday that Brent Beebe will be promoted to chief merchandising officer effective April 2026.
$1.64B CACI defense contract paused after Accenture protest
Following a protest by Accenture Federal Services, the Government Accountability Office has paused a $1.64 billion defense contract awarded to Reston-based Fortune 500 government contractor CACI International. On Aug. 11, the Department of Defense — which President Trump recently rebranded as the Department of War by executive order, pending congressional authorization for a formal name [&hellip[...]
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[...]
