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Perspecta Labs wins $14.5M Army contract
Chantilly-based government contractor Perspecta Inc. announced Wednesday that its research arm, Perspecta Labs, has landed a $14.5 million U.S. Army contract to use machine learning to develop a suite of capabilities for the Army to protect against cyberattacks. The project was awarded by the Army’s Combat Capabilities Development Command (CCDC), which does research, engineering and […]
Axios receives $5M in PPP funding
Arlington-based digital media company Axios Media Inc. announced Wednesday it received nearly $5 million in funding from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the $349 federal relief fund that ran out of funding on April 16 after 13 days due to overwhelming demand from small businesses hurt by the COVID-19 crisis. “This […]
McLean IT company names new CFO
McLean-based Altamira Technologies Corp. announced Thursday that A. Adam Omar will serve as its new chief financial officer. A certified public accountant, Omar previously worked as CFO for Maryland-based CyberCore Technologies and he has worked as a vice president and finance executive for companies including Reston-based Science Applications International Corp., Software AG and LexisNexis. He [...]
Tegna acquisition talks fall through
As the financial fallout from the COVID-19 pandemic escalates, Tysons-based Tegna announced that two offers to acquire the Gannett spinoff company have fallen through. “TEGNA and its advisors engaged substantially with two of these parties and provided them extensive non-public due diligence information,” the company wrote in a statement over the weekend. “These two parties […]
Northern Virginia Community College launches COVID-19 emergency fund for students
Northern Virginia Community College (NOVA) Educational Foundation on Monday launched an emergency student aid fund to help students struggling with economic fallout from COVID-19, with a goal to issue $500 grants to at least 1,500 students. More than half of NOVA’s 85,000 students work full- or part-time jobs, according to the community college, and the […]
Northern Va. home prices rise, home inventory falls in February
Chantilly-based Long & Foster Real Estate released a report Thursday showing that median home sale prices rose, but home inventory dropped in most of Northern Virginia in February. The Long & Foster Real Estate Market Minute Report studied trends in Alexandria, Arlington, Fairfax County, Loudoun County and Prince William County. Prince William County showed a […]
Tegna receives new acquisition offer
Now the subject of a bidding war, Tysons-based broadcast and digital media company Tegna Inc. has received a new acquisition offer from investment firm The Najafi Cos. and religious broadcaster Trinity Broadcasting Network (TBN) that values the company at $20 per share cash, the companies announced Thursday. Tegna was once part of McLean-based mass media […]
MicroStrategy CEO draws fire for denying COVID-19 is health crisis
Michael Saylor, the CEO of Tysons-based tech company MicroStrategy Inc., wrote a later-redacted three-page memo to his 2,400 employees this week arguing that COVID-19 is not a public health crisis and saying he refused to close down MicroStrategy’s offices and shift to teleworking unless he was legally required to do so. In the letter, he […]
SAIC wins $950M DoD contract
Reston-based Science Applications International Corp. (SAIC) announced Thursday that it has been awarded a $950 million contract from the Defense Logistics Agency — a combat support agency of the U.S. Department of Defense that includes more than 26,000 civilian and military personnel. SAIC will take over supply chain management of paints, preservation and sealing compounds […]
Herndon-based Learning Tree names new CEO
Herndon-based information technology and management training course provider Learning Tree International Inc. on Wednesday named David Brown as its new CEO and a member of the board of directors. Brown most recently worked as the global head of sales and services for information services company Clarivate Analytics. He also previously worked for international multimedia company […]
Falls Church company sends text from space satellite to phone
Falls Church-based wireless network company Lynk Global Inc. said Wednesday that it has sent a text message from a satellite in space to a standard mobile phone on Earth. “This is a game-changer for the billions of people who own a mobile phone, for the billions who do not have affordable connectivity, and for the […]
Metro is reducing service in response to coronavirus
In response to the growing coronavirus pandemic, the Metro transportation system announced it will be reducing service until further notice, beginning Monday, March 16, in an effort to help protect Metro’s employees and customers. Metro will be reducing Metrorail trains to every 12 minutes on each line, Monday through Friday, and operate normal hours, opening […]
