Sign In
Free Newsletter
Alpine-X opens crowdfunding campaign to public investors
Alpine-X LLC, a McLean-based indoor snow sports company, announced a crowdfunding campaign to open the stock to public investors. The offering — started on crowdfunding site Republic — allows accredited and non-accredited investors to own a piece of the McLean-based company that is planning a national chain of indoor ski resorts. So far, more than […]
Noblis lands $263M Defense contract
Reston-based not-for-profit federal contractor Noblis has won a five-year, $263 million contract from the Department of Defense’s Defense Threat Reduction Agency to implement the Cooperative Threat Reduction program, the company announced Tuesday. Under the contract, Noblis will deliver advisory services that will advance the CTR program’s mission to work cooperatively with partners an[...]
AMSG promotes COO to CEO
Dumfries-based Advanced Management Strategies Group Inc. has named Jim O’Farrell as its new CEO, effective Tuesday. O’Farrell joined AMSG, a management and technology consulting firm with the Virginia Values Veterans (V3) certification, in 2010 as president and chief operating officer. He replaces Mike McCormick, the company’s founder. O’Farrell has led the AMSG’s growth [...]
Parsons names new president of engineered systems business
Centreville-based defense contractor Parsons Corp. has promoted Jon Moretta as president of the engineered systems business unit, the company announced Monday. Moretta joined Parsons in 2016 and most recently served as the industrial market leader in the company’s critical infrastructure business segment. Under his leadership, Parsons’ industrial business managed the world’s largest mine[...]
1.9M-square-foot industrial park being built in Stafford
The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C. […]
Alexandria-based SBG acquired by Fla. company
Alexandria-based defense contractor SBG Technology Solutions Inc. has been acquired by Florida-based Document Storage Systems Inc. (DSS), the companies announced last week. The financial terms of the deal, which was completed Sept. 8, were not disclosed. SBG will operate as a wholly-owned subsidiary of DSS and expand the company’s capabilities for the Department of Veterans […]
Tegna confirms acquisition offers
Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg […]
U.Va. opens Northern Virginia campus
The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic programming […]
Herndon’s BlackSky appoints chief revenue officer
Herndon- and Seattle-based geospatial intelligence and global monitoring company BlackSky Technology Inc. announced that J.R. Riordan assumed the role of chief revenue officer on Monday. “With a professional background in both defense and geospatial intelligence, J.R. will be an outstanding addition to BlackSky’s expanded executive leadership team,” BlackSky CEO Brian O’Toole said in a[...]
GTT completes $2B infrastructure sale
McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was anticipated to be $2.15 billion in October 2020. According […]
United Way Worldwide names new president and CEO
United Way Worldwide has hired Angela F. Williams to be its next president and CEO, the global nonprofit announced Thursday. She will be the first woman and the first African American to lead the Alexandria-based organization. Currently the president and CEO of Easterseals, Williams will take the top post at United Way Worldwide on Oct. […]
Tysons-based Neosystems to be acquired by High Street Capital
Tysons-based Neosystems is being acquired by High Street Capital, a Chicago-based private equity firm, the company announced Wednesday. Neosystems is an IT systems integrator and managed services provider to government contractors. Financial terms of the deal were not disclosed. The current management team of Neosystems, including CEO and co-founder Michael Tinsley and co-founder and Chief [&helli[...]
