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Guidehouse wins $250M hybrid Army contract
McLean-based consultancy Guidehouse has been awarded a $250 million hybrid contract from the U.S. Army for financial support services. The Department of Defense said bids for the hybrid firm-fixed-price and time-and-materials contract were solicited through the internet, and that two bids were received. Work locations and funding will be determined with each order, with an estimated […]
HII division awarded $133M Air National Guard contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $133 million contract by the U.S. Air National Guard to support and provide training for flying units. HII, which made the announcement Wednesday, said this will be accomplished through live, virtual and constructive training in a 10-year task order. Mission Technologies will provide expertise and staffing [&hell[...]
NoVa govcon firm Mitre to lay off 442 employees after DOGE cuts contracts
Federal contracting firm Mitre, which has dual headquarters in McLean and Massachusetts, expects to lay off 442 people in Virginia in two months. The cuts come after the Trump administration has announced more than $28 million in canceled contracts for the company. Mitre notified the state Wednesday of 442 job cuts in McLean, in compliance […]
Former exec of Mars candy subsidiary charged with stealing $28M from company
HARTFORD, Conn. (AP) — Before his arrest Wednesday, Paul Steed was a respected sugar market expert for a subsidiary of famed candymaker Mars Inc. He served on a U.S. trade advisory committee for sweeteners as well as on industry group boards, while giving presentations at conferences. Now Steed, of Stamford, Connecticut, is accused in a […]
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[...]
