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Leidos completes $215M acquisition of 1901 Group
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it has completed its $215 million cash acquisition of Reston-based information technology services company 1901 Group. The transaction was first announced on Dec. 10, 2020. “The addition of 1901 Group allows us to work together and leverage their impressive capabilities across the enterprise,” Leidos Chairma[...]
Booz Allen’s TEAMS business unit acquired by Chantilly company
Chantilly-based System High Corp. announced Monday it has acquired McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc.’s technical, engineering, advisory and management support (TEAMS) business unit. Financial terms of the acquisition were not disclosed, but the Booz Allen business unit includes 110 employees and serves the Missile Defense Agency (MDA). “[...]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any [&hel[...]
Booz Allen demos in-flight AI algorithm for Air Force
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it demoed the use of an in-flight artificial intelligence (AI) algorithm for the U.S. Air Force Air Combat Command’s 9th Reconnaissance Wing U-2 Federal Laboratory. This marks the first time that a pilot has teamed up with AI to successfully complete a […]
Leidos subsidiary submits lunar lander proposal to NASA
Dynetics, a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., announced Wednesday it has submitted its proposal for the Human Landing System (HLS) that is planned to take the first woman and next man to the man’s surface for NASA’s Artemis Program by 2024. In late April, Dynetics was one of […]
Northrop Grumman wins potential $250M Navy contract
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Tuesday it has been awarded a potential $250 million contract to produce additional target vehicles for the U.S. Navy. Under the contract, Northrop Grumman will produce 19 GQM-163A Coyote supersonic sea-skimming target (SSST) missiles, which are used to test naval ships’ defenses. Northrop [&hell[...]
Booz Allen CFO elected to Moody’s board
Financial services company Moody’s Corp. announced Friday that Lloyd W. Howell Jr., executive vice president, chief financial officer and treasurer of McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc., has been elected to Moody’s board, effective March 15, 2021. Howell will join the board’s audit, compensation and human resources and governa[...]
Professional Services Council reelects Leidos CEO as board chair
The Professional Services Council (PSC) Board of Directors announced Thursday it has reelected Roger Krone, chairman and CEO of Reston-based Fortune 500 government contractor Leidos Holdings Inc., as chair for 2021. The PSC Board of Directors consists of 80 executives from member companies who are elected by their peers. Its leadership includes Krone, along with […]
Northrop Grumman books $73M Air Force contract to update missile tech
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a $73.2 million delivery order from the U.S. Air Force to incorporate new capabilities into a remote visual assessment tool in support of the Minuteman III missile’s production and deployment. The company will modify the Remote Visual Assessment II program to enable […]
FDA authorizes sale of Altria’s IQOS 3 device
The third generation of Altria Group Inc.’s IQOS tobacco heating system device has been authorized for sale in the United States by the U.S. Food and Drug Administration, the Henrico County-based company announced Monday. After receiving an application from Philip Morris International, the FDA ruled that IQOS 3 can be sold to adults in the […]
Northrop Grumman names chief technology officer
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Wednesday it has promoted Scott Stapp as chief technology officer (CTO). Stapp was most recently Northrop Grumman’s vice president of resiliency and rapid prototyping and has also previously served as vice president of applied research and technology development. In his new role, he […]
Northrop Grumman secures $186M Air Force contract
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a 10-year, $185.7 million contract to extend engineering services for the U.S. Air Force’s A-10 Thunderbolt jet fighter fleet. Built by Fairchild Republic Co. prior to its acquisition by Northrop, the A-10 aircraft is designed to help the Air Force perform airborne […]
