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The 2023 Heavy Hitters list
Virginia Business’ annual list of the commonwealth’s 50 most powerful and influential leaders provides our editors’ take on the heaviest-hitting of heavyweights in business, government, nonprofits and higher education. Think of it as an executive committee for the leaders populating our annual Virginia 500 issue — the top 10% of the state’s power elite. And […]
General Dynamics’ Electric Boat lands $5.1B submarine contract
General Dynamics Corp.’s Groton, Connecticut-based Electric Boat Corp. has received a $5.1 billion contract modification for the Columbia-class ballistic-missile submarine program, the Pentagon announced Wednesday. The contract includes missile long-lead material and missile tube manufacturing, advance procurement and construction, material procurement, production backup, and planned equipme[...]
Stairway to heaven
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020. […]
GDIT secures $298M U.S. Courts contract
Falls Church-based federal contractor General Dynamics Information Technology Inc. announced Tuesday that it received a $298 million blanket purchase agreement by the Administrative Office of the U.S. Courts (AOUSC) Case Management Systems Office. Under the five-year contract, which the AOUSC awarded in May, GDIT will provide application development, solutions architecture, operations and engineer[...]
General Dynamics subsidiaries land new defense contracts
Subsidiaries of Reston-based Fortune 500 contractor General Dynamics Corp. have received multiple defense contracts in recent weeks totaling more than $1.6 billion with the potential for more. On Thursday, the Pentagon announced that the company’s San Diego-based National Steel and Shipbuilding Co. received an $890 million modification to a contract for construction of the seventh […]
General Dynamics Missions Systems, Iridium land $324M space contract
Fairfax-based General Dynamics Missions Systems and McLean-based Iridium Communications Inc. have received a $324 million contract to build and provide network operations and support for the National Defense Space Architecture. The award, from the Space Development Agency, includes a $162.9 million base and $161.5 million in options. Under the contract, General Dynamics Missions Systems and [&hell[...]
Falls Church-based GDIT names VP for client engagement
Falls Church-based General Dynamics Information Technology Inc. has named Kristin Seaver as its vice president of strategic client engagement, the company announced Monday. Seaver spent more than three decades working for the U.S. Postal Service, including as chief retail and delivery officer, chief information officer and COVID-19 incident commander, as well as in other leadership […]
GDIT awarded $661M EPA contract
Falls Church-based General Dynamics Information Technology Inc. has received a $661.6 million contract to modernize and manage IT services for the U.S. Environmental Protection Agency. The award, announced April 28, includes developing and operating the EPA’s enterprise IT infrastructure and applications. Services include cloud computing, platform management, network operations, enterprise i[...]
GDIT lands $4.5B IT contract
Falls Church-based General Dynamics Information Technology has been awarded a user facing and data center services contract from the National Geospatial-Intelligence Agency (NGA) worth $4.5 billion over a 10-year period. Under the contract, GDIT, a business unit of Reston-based Fortune 500 aerospace and defense contractor General Dynamics Corp., will operate, build, design and innovate an [&hellip[...]
Newport News Shipbuilding delivers 10th Virginia-class sub
The Navy‘s newest submarine is now in the hands of the sea service. Newport News Shipbuilding delivered the future USS Montana (SSN-794) on March 11, according to a news release. It is the 10th Virginia-class fast-attack submarine to be delivered by Newport News and the 21st built as part of construction-sharing agreement with General Dynamics‘ […]
Thinking big
At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]
GDIT secures $162M DISA Agency contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) announced Wednesday it had secured a potential $162 million contract with the Defense Information Systems Agency (DISA) to secure identity, access and account management for U.S Department of Defense applications. The Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreem[...]
