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US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Intel’s stock tumbles after Trump says its CEO must resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!” Trump […]
CACI wins $638M in intelligence contracts
CACI International announced last week that it was awarded nearly $638 million in intelligence community contracts.
New Arlington hub to boost defense, energy startups
Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting them to talent, capital, and federal customers.
Federal contractor Amentum to sell Rapid Solutions for $360M
Chantilly-based federal contractor Amentum announced Wednesday it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.
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 […]
Biden executive order on Chinese cranes affects Port of Va.
President Joe Biden issued an executive order Wednesday addressing cybersecurity and espionage concerns over Chinese-made cranes in use at U.S. ports, including the Port of Virginia. Additionally, the Biden administration announced a plan to invest $20 billion on infrastructure security at U.S. ports, including support for domestic manufacturing of ship-to-shore cranes. National security concerns [...]
Va. could get $100M+ lithium-ion battery project
A $100 million-plus lithium-ion battery project could be coming to Virginia, the U.S. Department of Energy announced Monday, but a spokesperson for U.S. Sen. Mark Warner said North Carolina could also be in contention. MP Assets will build a facility to manufacture separators for lithium-ion batteries, bringing 282 permanent jobs and at least a $100 […]
Parsons acquires Md. federal contractor for $200M
Centreville-based Fortune 1000 defense contractor Parsons has acquired Maryland-based contractor Sealing Technologies in a deal valued at $200 million. Parsons announced the deal Wednesday. The acquisition expands Parsons’ customer bases across the Department of Defense’s intelligence community and enhances its capabilities in defense cyber operations, integrated mission-solutions powe[...]
Leidos hires former NSA official as chief security officer
Reston-based Leidos has named a former national security official as its senior vice president and chief security officer, the Fortune 500 federal contractor announced Monday. Amy Davis most recently served as deputy chief for the National Security Agency’s Office of Security and Counterintelligence, where she led a team responsible for protecting civilian, military and contractor personnel[...]
Feds say Chinese cranes used at Port of Va. could be spy tools
The Port of Virginia may have as many as 30 Chinese ship-to-shore cranes that have come under scrutiny from Pentagon officials over national security concerns, and the port has five more on delivery for next year. The cranes made by Shanghai Zhenhua Heavy Industries Co., known as ZPMC, a state-owned company whose major shareholder is […]
Accenture Federal Services announces new National Security lead
Arlington-based Accenture Federal Services has promoted Kevin Heald to National Security portfolio lead, effective May 1, the federal contractor announced Wednesday. Heald is currently the emerging technology and cyber sector lead for AFS’ National Security portfolio. He was Novetta’s senior vice president of its information exploitation division before AFS acquired the McLean-based an[...]
