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Ex-Mars executive pleads guilty to $28M fraud scheme
BRIDGEPORT, Conn. (AP) — A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court in Bridgeport, Connecticut. He also agreed to pay $28.4 million in restitution to Mars […]
Kettler names president of development
Real estate developer Kettler announced on Monday that real estate executive James Nozar has joined the firm as president of development
Zephyr AI taps new CEO
McLean-based health care tech startup Zephyr AI announced last week that it has appointed Allen Chao as its new CEO.
Banking | Finance 2025: FAIRBANK, RICHARD
After earning an economics degree and an MBA from Stanford University, Fairbank landed at Virginia’s Signet Bank, where he co-created the business that became Capital One, the Fortune Global 500 credit card giant. Fairbank became CEO in 1994 during Capital One’s initial public offering. In 2024, the bank reported $39.1 billion in revenue, a 6.3% […]
Government Contractors | Technology 2025: CALKINS, MATT
A top economics graduate at Dartmouth and a world champion board gamer, Calkins co-founded cloud computing and enterprise software firm Appian in his basement in 1999. It grew to become the most successful software IPO of 2017. In 2024, Appian reaped $68 million in cloud subscription revenue, up 21% compared with 2023. The company’s total […]
BigBear.ai grabs naming rights to Commanders training facility
BigBear.ai has partnered with the Washington Commanders football team and secured the rights to name the team's training facility in Ashburn.
Virginia firm to build $200M White House ballroom co-funded by Trump
The White House announced Thursday that it would add a $200 million, 90,000-square-foot ballroom to the people's mansion — with McLean's Clark Construction leading the building team.
Mars to pump $2B into U.S. manufacturing
Mars announced on Tuesday that it plans to invest $2 billion in its U.S. manufacturing operations throughout the country by the end of 2026.
SES Space & Defense announces new CEO
Reston-based satellite company SES Space & Defense announced Tuesday that it has appointed David Broadbent as president and CEO.
SES completes $3.1B Intelsat purchase
SES announced Thursday that it has completed its $3.1 billion acquisition of McLean-based satellite services provider Intelsat.
22nd Century Technologies adds 880 jobs in Virginia
22nd Century Technologies plans to invest $1 million to expand its headquarters in Fairfax County and offices across Virginia.
EU opens investigation into $35.9B Mars-Kellanova merger; FTC approves deal
The European Union's antitrust watchdog organization has opened an in-depth investigation into Mars' proposed $35.9 billion acquisition of Kellanova
