Sign In
Free Newsletter
HII division awarded $182M Air Force contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division was awarded a five-year, $182 million task order to provide logistics support for U.S. Air Force F-16 pilot training devices, HII announced Thursday. The contract involves HII and subcontractor Trident Military Systems performing engineering maintenance for the Air Force’s Mission Tactics Trainer Training System [...]
Virginia Supreme Court to hear appeal of reversal of $2B judgment for Appian
The Supreme Court of Virginia has agreed to hear a petition from software company Appian, asking to reinstate a 2022 judgment worth about $2.04 billion in a trade secrets verdict against a competitor. It’s the latest turn in the battle between Appian, which is based in Fairfax County’s McLean area, and rival Pegasystems. In 2022, […]
Trump family business sues Capital One for closing accounts in 2021
Just after Capital One escaped a federal watchdog lawsuit that was suddenly dropped last month, it’s back in legal hot water, this time courtesy of President Donald Trump’s family business. On March 7, multiple entities connected with the Trump Organization sued the McLean-based bank for terminating more than 300 Trump Organization bank accounts following the Jan. […]
Mitre names new chief HR officer
Not-for-profit research and development company Mitre has named April Castañeda as its new senior vice president and chief human resources officer. The company, founded in 1958 with a focus on national security and operating from dual headquarters in McLean and Bedford, Massachusetts, manages federally funded R&D centers. Castañeda started in the new role March 3 […]
Federal watchdog reverses course, drops Capital One lawsuit
The Consumer Financial Protection Bureau reversed course Thursday and dropped a federal lawsuit against McLean-headquartered Capital One and its parent company, Capital One Financial, which alleged the companies cheated millions of consumers out of more than $2 billion in interest payments. The U.S. government’s watchdog charged with protecting consumers from financial institutions filed a [...]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
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 [&h[...]
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[...]
CFPB sues Capital One, claiming bank avoided paying $2B in interest
The Consumer Financial Protection Bureau has sued Capital One and its McLean holding company, Capital One Financial, alleging the companies cheated millions of consumers out of more than $2 billion in interest payments, the federal agency announced Tuesday. Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the […]
Booz Allen to pay $15.8M fine to settle fraud allegations
Booz Allen Hamilton, the McLean-based Fortune 500 global management consultant, has agreed to pay a $15.875 million fine to the federal government to settle allegations that one of its subsidiaries violated the False Claims Act, the Department of Justice announced Jan. 3. According to the DOJ’s statement, two former program managers at Maryland-based Booz Allen […]
Capital One, Discover clear hurdles for $35.3B megadeal
Announced in February, McLean-based Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services is moving forward, with stockholders’ votes scheduled early next year, the credit card giants announced this week. Capital One also announced Thursday it received approval from the Office of the Delaware State Bank Commissioner on Wednesday to complete the purch[...]
McLean’s QinetiQ US expands to Huntsville, Alabama
QinetiQ US, a McLean security and defense contractor, held a ribbon-cutting ceremony Tuesday to celebrate its expansion into Huntsville, Alabama. Known as “The Rocket City” for its role in the country’s development of space exploration, Huntsville is home to NASA’s Marshall Space Flight Center, which is located at the Redstone Arsenal. Originally established to make [&helli[...]
