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Home to eight Fortune 500 companies and three Fortune 1000 companies, metro Richmond is “punching above our weight” for a region of 1.3 million residents, says Jennifer Wakefield, president and CEO of the Greater Richmond Partnership. For the third year in a row, the Richmond region was named by Business Facilities magazine as a top […]
Northrop Grumman lands $705M missile contract
Falls Church-based aerospace contractor Northrop Grumman will develop and test the Air Force’s new air-to-surface missile under a $705 million contract. Under the contract, announced Monday by the Air Force and the Fortune 500 contractor, the company will develop, integrate and complete flight testing and rapid prototyping of the service’s stand-in attack weapon (SiAW) during […[...]
GDIT names new chief growth officer
Falls Church-based General Dynamics Information Technology has named Paul Tartaglione as its new chief growth officer, the company, a subsidiary of Fortune 500 contractor General Dynamics, announced Monday. Tartaglione started in his new role Monday. He joined GDIT from McLean-based Fortune 500 management consultancy Booz Allen Hamilton, where he most recently served as senior vice […]
SAIC lands $574M Space Force radar systems contract
Science Applications International Corp. will maintain and modify the U.S. Space Force’s ground-based radar sensor systems under a $574 million contract, the Reston-based Fortune 500 contractor announced Monday. Under the Ground-Based Radar Maintenance and Sustainment Services (GMASS) contract, announced Aug. 29 by the Pentagon, SAIC will provide ongoing sustainment, modifications and improv[...]
Dominion announces $14B sale of three natural gas companies
Richmond-based Fortune 500 utility Dominion Energy is selling its three natural gas distribution companies to Canadian pipeline and energy company Enbridge Inc. in a $14 billion deal announced Tuesday afternoon. Enbridge on Tuesday announced that the sale creates the largest natural gas utility franchise in North America. The companies, the East Ohio Gas Co., Public […]
Federal Contractors | Technology 2023: MIKE SALVINO
Since 2019, Salvino has led Fortune 500 IT contractor DXC as its CEO, and he became its board chairman last year. DXC, which employs 133,000 people worldwide, has experienced declining revenue over the past few years. In fiscal year 2023, it reported $14.4 billion in revenue, down from $16.3 billion in 2022 and $17.73 billion […]
Real Estate 2023: JULIAN G. FRANCIS
Francis joined Beacon Roofing Supply, a Fortune 500 distributor of roofing material and complementary building products, in 2019. Beacon has 7,400 employees and operates in all 50 U.S. states and in Canada. The United Kingdom native and two-time Swansea University graduate previously served as president of the insulation business at Owens Corning, a provider of […]
Manufacturing 2023: WILLIAM ‘BILLY’ GIFFORD JR.
Gifford became Fortune 500 tobacco product manufacturer Altria’s CEO in 2020, after having served as president and CEO of subsidiary Philip Morris USA and holding other executive posts at Altria for the past 25 years. After four challenging years, during which Altria saw the value of its 35% stake in Juul Labs’ e-cigarette company plummet […]
Federal Contractors | Technology 2023: JEFF SHOCKEY
Shockey is lead executive at the Arlington corporate headquarters of the world’s second largest defense contractor, RTX. Formerly Raytheon Technologies, the company announced a reorganization in June. In February, he became the senior official in Arlington upon the retirement of Roy Azevedo, who was president of Raytheon Intelligence & Space, now consolidated with Raytheon Missiles […[...]
Federal Contractors | Technology 2023: PHEBE N. NOVAKOVIC
Since 2013, Novakovic has led the world’s sixth largest aerospace and defense company, with 105,000 employees worldwide and revenue of $39.4 billion in fiscal 2022. Ranked No. 30 on Forbes’ 2022 World’s 100 Most Powerful Women list, she is a Smith College and University of Pennsylvania Wharton School graduate and is one of the highest […]
Federal Contractors | Technology 2023: KATHY WARDEN
Warden was named CEO of the world’s third largest aerospace and defense company in 2019 after serving as its president and chief operating officer. Ranked No. 38 on Forbes’ 2022 World’s 100 Most Powerful Women list, she previously worked for General Dynamics and Veridian before joining Northrop Grumman in 2008. Ranked No. 113 on the […]
Federal Contractors | Technology 2023: DAVID CALHOUN
Boeing encountered some issues this spring in producing its 737 Max and 787 Dreamliner planes, due to manufacturing problems, which has contributed to an industrywide shortage of new jets. In a May Bloomberg interview, Calhoun, who heads the world’s fifth largest defense contractor, said that supply chain disruptions to the aerospace industry could continue “for […]
