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BWXT wins $2.1B in U.S. Naval Nuclear Propulsion Program contracts
The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling about $2.1 billion, the Lynchburg-based nuclear components and fuel supplier manufacturer announced Wednesday. The contract involves nuclear reactor component manufacturing and material procurement for Columbia and Virginia class submarines and Ford class aircraft carriers. The work will be performed at the B[...]
Boeing to lay off about 200 workers in megarocket program
Arlington County-based Fortune Global 500 aerospace and defense giant Boeing plans to lay off about 200 employees working on NASA’s Space Launch System program in anticipation of potential program cuts or cancellation. The company previously expected to eliminate about 400 positions in the program by April, according to Bloomberg, but now plans to keep roughly […]
Leidos names new chief growth officer
Reston-headquartered Fortune 500 federal contractor Leidos announced Wednesday that it’s promoting Jason Albanese to corporate executive vice president and chief growth officer, effective March 3. Currently senior vice president of growth for the company’s National Security sector, Albanese is succeeding Gerry Fasano, who is retiring as planned on April 4. Albanese joined Leidos in 2017 [&[...]
Northrop Grumman receives two contracts totaling $1.4B
Northrop Grumman has received two air and missile defense contracts worth a combined $1.4 billion, the Falls Church-based Fortune 500 government contractor announced last week. The contractor received two contracts from the U.S. Army and Poland. Under the $481 million, five-year contract from the Army’s Aviation Missile Technology Consortium, Northrop Grumman will expand software development [&h[...]
HII’s CEO doesn’t expect major defense spending cuts under Trump
President Donald Trump’s suggestion last week that he could cut U.S. defense spending in half spooked the stock market — but the CEOs of Virginia’s Huntington Ingalls Industries and Science Applications International Corp. are taking Trump’s statement in stride. Thursday afternoon, Trump said, “One of the first meetings I want to have is with President […]
PSI lands $156M contract to support VA’s electronic health records push
The U.S. Department of Veterans Affairs has awarded Planned Systems International, which has its principal office in Arlington County, a $156 million contract to provide test and evaluation support for the VA Electronic Health Record Modernization Integration Office (EHRM-IO) program. The VA announced the award of the Independent Enterprise Testing and Support Services contract Monday […]
Booz Allen fires subcontractor who wrote document about DOGE access to Treasury
McLean-based Fortune 500 management consulting contractor Booz Allen Hamilton has fired a subcontractor who warned the U.S. Treasury Department about the Department of Government Efficiency having access to the Treasury’s payment system. Booz Allen said that sources quoted in recent media reports “mischaracterize a document provided to Treasury officials” and that the company did not [&helli[...]
The 2025 Virginia Black Business Leaders Awards: The Achievers
Black business leaders have played a pivotal role in shaping modern Virginia’s economic and cultural landscapes and driving progress across industries and communities. From the entrepreneurial spirit of pioneers who built thriving enterprises during times of immense adversity amid segregation and civil rights battles to today’s leaders breaking boardroom barriers, their stories are a testament[...]
Could Boeing HQ move be in the cards?
In May 2022, Virginia officials were in a buoyant mood as Fortune Global 500 aerospace and defense giant Boeing announced it would move its world headquarters from Chicago to Arlington County, with then-President and CEO Dave Calhoun having conferred with Gov. Glenn Youngkin months ahead about the move. Nearly three years later, the mood is […]
Herndon contractor to acquire NG division for $327M
Herndon tech and management contractor Serco Inc. has agreed to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for approximately $327 million. Serco Inc., a wholly owned subsidiary of United Kingdom-based Serco Group, announced the deal Wednesday, which is expected to close in mid-2025. MT&S provides the U.S. military with[...]
HII closes on South Carolina plant acquisition
Newport News-based Huntington Ingalls Industries announced Monday it has closed on its purchase of a metal fabrication manufacturing facility in South Carolina, which will now be part of its subsidiary Newport News Shipbuilding. The company did not disclose financial terms. In December 2024, HII said it had entered into a definitive agreement to acquire substantially all […]
QinetiQ names new president and CEO
Tom Vecchiolla, a longtime defense executive, has succeeded Shawn N. Purvis as president and CEO of McLean security and defense contractor QinetiQ US, the UK-based parent company QinetiQ Group announced Tuesday. Purvis joined QinetiQ in February 2022, having previously worked at Northrop Grumman, Science Applications International Corp. (SAIC) and Lockheed Martin. In November 2022, QinetiQ US [&h[...]
