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Leidos shakes up C-suite in restructuring
Months after new Leidos CEO Tom Bell hinted at a “new North Star” for the Reston-based Fortune 500 contractor, the company has announced a shakeup of its C-suite and a reorganization. The company solidified the changes Thursday, two days after releasing its third-quarter report, which included revenues of $3.9 billion for the quarter, an increase […]
Dominion offshore wind farm moves closer to final approval
Dominion Energy has passed another critical federal hurdle on its way to gaining approval to begin construction on its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted a favorable record of decision for the Richmond-based Fortune 500 electric utility’s 2.6-gigawatt Coastal Virginia […]
Massive foundation posts arrive for Dominion’s offshore wind farm
The first eight monopiles, the wind-turbine foundation posts for Dominion Energy’s $9.8 billion offshore wind farm, arrived at Portsmouth Marine Terminal on Oct. 19, and state officials and Dominion executives celebrated their arrival from Germany Friday. In a ceremony Friday, Gov. Glenn Youngkin, Dominion Chair, President and CEO Bob Blue and state and local dignitaries […]
Love at first site
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 [&hel[...]
