Falls Church-based aerospace contractor Northrop Grumman will develop and test the Air Force’s new air-to-surface missile under a $705 million contract.
Under the contract, announced Monday by the Air Force and the Fortune 500 contractor, the company will develop, integrate and complete flight testing and rapid prototyping of the service’s stand-in attack weapon (SiAW) during the next three years at the company’s Northridge, California, location and at its factory for future missile integration at Allegany Ballistics Laboratory in West Virginia.
The weapon is expected to be carried in the internal weapons bay of the F-35 Joint Strike Fighter to avoid jeopardizing the jet’s stealth capabilities, Defense News reported. The SiAW has a shorter range than standoff weapons and could be used close to target after penetrating contested airspace.
Northrop Grumman said the SiAW’s design will include open architecture interfaces to allow for rapid upgrades and focuses on digital engineering.
“Northrop Grumman’s SiAW delivers on the Air Force’s desire for its first digital weapons acquisition and development program,” Susan Bruce, vice president for advanced weapons at Northrop Grumman, said in a statement. “With our expert digital engineering capabilities, this next-generation missile represents an adaptable, affordable way for the Department of Defense to buy and modernize weapons.”
Northrop Grumman was one of three companies to compete for the project’s second phase. Others included Maryland-based Lockheed Martin and L3 Harris Technologies, based in Melbourne, Florida.
Ranked No. 113 on the Fortune 500 this year and No. 413 on the Fortune Global 500, Northrop Grumman reported $36.6 billion in 2022 revenue, up 3% from 2021. The company employs approximately 95,000 workers worldwide.
Warden was named CEO of the world’s third largest aerospace and defense company in 2019 after serving as its president and chief operating officer. Ranked No. 38 on Forbes’ 2022 World’s 100 Most Powerful Women list, she previously worked for General Dynamics and Veridian before joining Northrop Grumman in 2008.
Ranked No. 113 on the Fortune 500 this year and No. 413 on the Fortune Global 500, Northrop Grumman reported $36.6 billion in 2022 revenue, up 3% from 2021. Warden earned an MBA from George Washington University. She and her husband, Eric Warden, both James Madison University alums, established a $1.5 million scholarship match program for Pell Grant-eligible JMU students.
Warden currently serves on the boards of Merck and Catalyst, is vice chair of the Greater Washington Partnership, and is a member of the Business Roundtable. In 2022, she received Columbia Business School’s Deming Cup for Operational Excellence.
In November 2022, NASA launched its Artemis I unmanned moon mission, for which Northrop Grumman provided solid rocket boosters and motors. The contractor will continue to support Artemis missions under a $3.19 billion contract through 2031.
Virginia Business’ annual list of the commonwealth’s 50 most powerful and influential leaders provides our editors’ take on the heaviest-hitting of heavyweights in business, government, nonprofits and higher education. Think of it as an executive committee for the leaders populating our annual Virginia 500 issue — the top 10% of the state’s power elite.
And while this is admittedly a subjective exercise, it’s not too difficult to decide that leaders such as Gov. Glenn Youngkin or Accenture CEO Julie Sweet, who leads a global workforce of 738,000, belong on this list.
That said, our 2023 list brings notable changes. Absent this year is bitcoin whale Michael Saylor, who transitioned from MicroStrategy Inc.’s CEO to executive chairman in August 2022 as the company reported a $1.98 billion impairment loss on its bitcoin holdings. Also gone is Washington Commanders co-owner Dan Snyder, who’s reportedly shopping around the NFL team and has been unable to secure Virginia legislative support for a new football stadium amid high-profile controversies, including a 2009 sexual assault allegation that came to light last year.
New entrants to the list include Martin Agency CEO Kristen Cavallo, who also became global CEO for MullenLowe Group in November 2022, and Dave Calhoun, CEO of the Boeing Co., which moved its headquarters to Arlington County this year.
Read on to learn which executives made the cut this year and how they’re adding to Virginia’s bottom line.
Agee
NancyHowellAgee, president and CEO, Carilion Clinic, Roanoke
Power and influence: Agee, who started out in 1973 as a nurse, has led the $2.3 billion nonprofit health system Carilion Clinic, which serves more than 1 million people in Virginia and West Virginia, since 2011. Carilion includes seven hospitals and a physician group with more than 1,000 physicians, plus outpatient clinics and pharmacies. The system partners with Virginia Tech on the Virginia Tech Carilion School of Medicine and with Radford University on Radford University Carilion, which offers degrees in health sciences. Agee chairs the Virginia Foundation for Independent Colleges.
Recent developments:In June 2022, Modern Healthcare named Agee one of its 50 most influential clinical executives, and she serves on Gov. Glenn Youngkin’s medical advisory team. Last year Carilion announced plans to move its outpatient mental health clinic to Tanglewood Mall in Roanoke County by fall 2023. The 37,000-square-foot space will span two floors and include room for group therapy, clinician offices and telemedicine.
John C. Asbury, CEO, Atlantic Union Bankshares Corp., Richmond
Power and influence: With more than three decades of banking experience, Asbury has led Atlantic Union since 2016. Atlantic Union Bank has 114 branches in Virginia, Maryland and North Carolina. The American Bankers Association’s 2022-23 vice chair, Asbury also serves on the boards of the Virginia Port Authority and the Greater Richmond Partnership. He also chairs educational nonprofit Virginia Learns. A Radford native, Asbury earned his business degree from Virginia Tech and has an MBA from William & Mary.
Recent developments: In January, Atlantic Union transferred its common stock and depositary shares listings from the Nasdaq to the New York Stock Exchange. At the end of 2022, the bank had total assets of $20.5 billion, an approximate 2% increase from the end of 2021, and it made $14.4 billion in loans. Atlantic Union sold part of Dixon, Hubard, Feinour & Brown Inc., a Roanoke-based wealth management firm, to Cary Street Partners in June, although the bank maintains a minority ownership stake.
G. Robert Aston Jr., executive chairman, TowneBank, Suffolk
Power and influence:Since Aston helped launch TowneBank from his garage in 1998, it has grown into one of the largest banks headquartered in the commonwealth, with more than 40 banking offices throughout Eastern and Central Virginia and North Carolina. Aston served as the bank’s chairman and CEO until 2018, when he transitioned to executive chairman. Aston got his start in banking in 1964 as a runner at Citizens Trust Co. in Portsmouth. By 1981, he was the bank’s president and CEO. He went on to lead Commerce Bank and BB&T of Virginia. Aston is a board member of Virginia Wesleyan University and the Virginia Business Higher Education Council.
Recent developments: TowneBank purchased Windsor-based Farmers Bankshares Inc. for $56 million in January, creating a combined company worth $17.5 billion in total assets and adding Isle of Wight and Southampton counties to TowneBank’s service area. The bank also saw a shuffling of leadership at the end of 2022. William I. Billy Foster III succeeded the retired Brad Schwartz as president and succeeded J. Morgan Davis as CEO.
Barkin
Thomas I. Barkin, president and CEO, Federal Reserve Bank of Richmond, Richmond
Power and influence:The Fed was in the news for much of 2022 as it raised interest rates to levels not seen since 2008’s Great Recession, combating sky-high inflation. Barkin has led the bank’s Fifth District since 2018, overseeing monetary policy and security of the financial system for a region that includes Virginia, Maryland, West Virginia and the Carolinas. Barkin previously worked as chief risk officer for global consulting firm McKinsey & Co. and serves on the board of the Community Foundation for a greater Richmond.
Recent developments:At a November 2022 stop in Winchester a week after the Fed approved its fourth 0.75-point rate hike for the year, Barkin said the central bank would do what’s necessary to tame inflation. In January, he acknowledged the inflation rate falling to 6.5% was progress, but said he hopes to see it settle around 2%. This year, Barkin serves as an alternate member of the Federal Open Market Committee, which votes on interest rate changes. He will rotate onto the panel in 2024.
Bland, photo by Mark Rhodes
Gilbert T. Bland, president, chairman and CEO, Urban League of Hampton Roads Inc.; founder and chairman, The GilJoy Group, Norfolk
Power and influence: Bland has owned and operated dozens of fast food restaurants, primarily Burger King and Pizza Hut franchises, through his company The GilJoy Group (named for him and his wife, Joyce). He also serves as leader of the Urban League of Hampton Roads Inc., which runs community service programs helping Black residents, including a new initiative on racial health disparities in partnership with Riverside Health System. Bland sits on boards for Sentara Healthcare, Randolph-Macon College, the Virginia Museum of Fine Arts and Virginia Learns.
Recent developments: In November 2022, the Norfolk-based Civic Leadership Institute presented Bland with the 2022 Individual Darden Award, which celebrates individuals who have had a significant impact in the Hampton Roads area. The same month, Gov. Glenn Youngkin announced an initiative to address learning loss through a tutoring partnership that includes the Urban League and four Virginia HBCUs. Also in 2022, Youngkin appointed Bland to Norfolk State University’s board.
Blue
Robert M. “Bob” Blue, chair, president and CEO, Dominion Energy Inc., Richmond
Power and influence: Blue became CEO of the Fortune 500 utility in October 2020, when Dominion was entering an era with a stronger focus on wind and solar energy aligned with Virginia’s clean energy mandates, including reaching net-zero carbon energy generation by 2045. The utility is now developing a 2.6-gigawatt, $9.8 billion commercial offshore wind farm 27 miles off the coast of Virginia Beach. Dominion, which garners about $14 billion in annual revenue, delivers energy to more than 7 million customers in 16 states. Blue serves as vice chairman of the Nuclear Energy Institute and on the boards of the Federal Reserve Bank of Richmond and the University of Virginia.
Recent developments: The State Corporation Commission in August 2022 approved Dominion’s offshore wind farm, with construction expected to be completed in 2026. The project is likely to be Dominion’s largest single project as well as its largest capital investment. The company also is looking into building small modular nuclear reactors in Virginia, and it recently proposed 23 new solar and energy storage projects that could power 200,000 Virginia homes.
Power and influence: Boykin is the first woman to lead the shipyard, the largest industrial employer in the state, with 25,000 employees, and the only U.S. builder of nuclear aircraft carriers. Boykin began her career at the company’s nuclear engineering division in 1987 and held several executive positions before being named president in 2017. She serves on the boards of the U.S. Merchant Marine Academy, which named her its 2021 alumna of the year, and Old Dominion University’s Women’s Initiative Network.
Recent developments: Parent company HII reported that Newport News Shipbuilding earned $5.8 billion in revenue in 2022, up from $5.6 billion in 2021. In March 2022, the shipyard agreed to a new five-year labor contract with members of United Steelworkers, which will remain in place until February 2027. In October, the USS Gerald R. Ford, an aircraft carrier built by NNS for the Navy, left Naval Station Norfolk on its maiden deployment.
Branch
Victor Branch, Richmond market president, Bank of America Corp., Richmond
Power and influence: The first Black president of Bank of America’s Richmond region, Branch has worked for Bank of America for nearly four decades. Serving as president since 2015, Branch oversees about 2,000 employees at 25 locations. He’s credited with being influential in the bank’s commitment to advance racial equality and economic opportunity. A native of Dinwiddie County and a first-generation college graduate, Branch has for years supported Housing Opportunities Made Equal (HOME), a nonprofit that works to ensure equal access to housing. In 2022, Branch told Virginia Business that he’s passionate about his work because it provides the opportunity “to deploy the bank’s resources into underserved communities to help lift people up and out of poverty.” He sits on several boards, including the Virginia Foundation for Independent Colleges and the Virginia Museum of History and Culture.
Recent developments: Last year, Branch rotated off the board of visitors at William & Mary, his alma mater. In 2022, Bank of America gave $1 million to Virginia Union University to help prepare students for careers in the financial industry. Branch was named to Virginia State University’s board last year by Gov. Glenn Youngkin.
Calhoun
David Calhoun, president and CEO, Boeing Co., Arlington County
Power and influence: A Virginia Tech alum, Calhoun leads the second largest defense contractor in the state and the third largest in the world, with more than 140,000 global employees and $61.4 billion in fiscal 2022 revenue. Boeing made headlines in May 2022 when it announced it would move its headquarters from Chicago to Arlington, where 400 employees already work. Boeing has pledged $50 million to Tech’s Alexandria-based Innovation Campus.
Recent developments: In August 2022, federal regulators allowed Boeing to resume deliveries of its 787 Dreamliner jets after nearly two years. In December 2022, United Airlines placed an order for 100 Dreamliners, a deal worth around $25 billion. And in February, Boeing landed a $45.9 billion deal to sell jets to Air India in Boeing’s third largest sale of all time. Early this year, Boeing ended production of its iconic Boeing 747 jumbo jets, and in late 2022, the company consolidated eight divisions of its Defense, Space and Security unit into four, and finalized its $3.2 billion Artemis contract with NASA.
Cavallo
Kristen Cavallo, CEO, The Martin Agency; global CEO, MullenLowe Group, Richmond
Power and influence: The Martin Agency won Adweek’s Agency of the Year twice under Cavallo’s leadership; the agency’s clients include Geico, Old Navy and DoorDash. From day one of her tenure as CEO, Cavallo has emphasized inclusivity and diversity in hiring, as well as shrinking pay gaps among women and people of color. Her ad career started in 1994 at Mullen, where she would go on to serve as its chief strategy officer. She bounced between Mullen and Martin, until she was named Martin’s CEO in 2017.
Recent developments: In November 2022, Cavallo was also named global CEO of MullenLowe Group, taking on additional leadership duty of 12 advertising firms. Still based in Richmond, Cavallo travels between 20 offices worldwide. At New York Fashion Week in September 2022, Martin joined forces with financial services company TIAA and womenswear brand Fe Noel to debut “The Dre$$,” a gown stitched with artificial money to highlight the gender wage gap.
Cullen
Richard Cullen, counselor to Virginia Gov. Glenn Youngkin, Richmond
Power and influence: Former chairman and senior partner of McGuireWoods, the state’s largest law firm, Cullen joined Youngkin’s administration in January 2022. No novice to public service, Cullen served as U.S. attorney for the Eastern District of Virginia from 1991 to 1994 and as Virginia’s attorney general from 1997 to 1998. He was on President George W. Bush’s legal team during the 2000 Florida recount and represented then-Vice President Mike Pence during special counsel Robert Mueller’s probe into Russian interference in the 2016 election. In 2018, Cullen led the McGuireWoods team that secured a $501 million judgment against North Korea for the torture, hostage taking and death of University of Virginia student Otto Warmbier.
Recent developments: In January, Virginia Democrats criticized Youngkin for reportedly removing the state from consideration for a $3.5 billion Ford Motor Co. electric vehicle battery manufacturing plant in partnership with a Chinese company. Cullen told The Washington Post the plant involved “national security risk-type technology and [Youngkin] stopped that.”
Dreiling
Rick Dreiling, CEO, Dollar Tree Inc., Chesapeake
Power and influence: Dreiling was named CEO of the Fortune 500 discount retailer in late January, replacing former CEO and President Mike Witynski, who had served in the role since 2020. The former CEO and chair of competitor Dollar General, Dreiling was named executive chair of Dollar Tree’s board in March 2022 as part of a settlement with an activist investor group. Dollar Tree operates more than 16,000 Dollar Tree and Family Dollar stores in the United States and Canada. It employs more than 200,000 workers.
Recent developments: Dreiling was named to lead Dollar Tree following a tumultuous period that saw a shake-up of the retailer’s C-suite starting in June 2022. In late 2021, Dollar Tree announced a controversial price increase to $1.25 for most items in its stores, resulting in backlash. Dollar Tree’s third quarter 2022 sales grew 8.1% year over year to $6.93 billion, but rival retailer Dollar General’s sales rose 11% to $9.5 billion during the same period.
DuVal
Barry DuVal, president and CEO, Virginia Chamber of Commerce, Richmond
Power and influence: DuVal has led the state’s chamber of commerce since 2010, and he previously served as state commerce secretary and mayor of Newport News. As head of the Virginia Chamber, DuVal has led the creation of Blueprint Virginia, a state strategic plan that outlines business priorities for Virginia’s economic prosperity.
Recent developments: In June 2022, DuVal attended the signing ceremony for a state bill that allows small businesses to create health insurance consortiums to help them bargain for more affordable health care plans — a change for which DuVal had advocated since 2018. The chamber also announced in June the establishment of the Virginia Small Business Health Alliance, a grouping of small companies that will operate as a self-funded insurance group. A Republican, DuVal also is aligned with Gov. Glenn Youngkin in calling for Virginia’s exit from the Regional Greenhouse Gas Initiative, a multistate effort to reduce carbon emissions; DuVal wrote an op-ed in the Richmond Times-Dispatch last fall bemoaning the program’s regulatory burden on the commonwealth.
Edwards
Stephen Edwards, CEO and executive director, Virginia Port Authority, Norfolk
Power and influence: Edwards joined the Virginia Port Authority, which oversees the Port of Virginia, in January 2021, succeeding John F. Reinhart, one of the port’s most transformative leaders. Edwards previously served as president and CEO of California-based port terminal services company TraPac LLC. For fiscal year 2022, the Port of Virginia processed a record 3.7 million 20-foot equivalent units (TEUs) of cargo, up 14.7% from fiscal year 2021. As CEO, Edwards also serves as a nonvoting member on the Virginia Economic Development Partnership’s board.
Recent developments: In May 2022, the port and the U.S. Army Corps of Engineers formalized their collaboration on the Norfolk Harbor dredging project to deliver the East Coast’s widest and deepest channels by 2024. On Jan. 1, the Virginia Inland Port in Front Royal began receiving electricity from solar installations, a step toward the port’s goal of going completely carbon-neutral by 2040. Also in January, the port finalized its agreement to purchase five ship-to-shore cranes for $61.6 million.
Koubi, photo by James Lee
Jason El Koubi, president and CEO, Virginia Economic Development Partnership, Richmond
Power and influence: VEDP’s board unanimously picked El Koubi to lead the state’s economic development authority in March 2022 after he served in an interim basis following the departure of Stephen Moret. El Koubi joined VEDP in 2017 as executive vice president and was part of a leadership team that helped bring Amazon.com Inc.’s HQ2 East Coast headquarters to Arlington County. Previously, El Koubi served as assistant secretary for economic development in Louisiana under Moret and as president and CEO of One Acadiana, a Lafayette, Louisiana, regional economic development organization.
Recent developments: El Koubi has been vocal about increasing Virginia’s inventory of large, ready-to-build industrial sites to land megaprojects. From 2015 through 2022, Virginia landed just one megaproject — the $1 billion Lego Group plant in Chesterfield County — while other Southern states that had invested more in site preparation secured 120 major projects. Last year, Virginia dropped to third place on CNBC’s America’s Top States for Business rankings after being in first place for an unprecedented two consecutive years.
Fairbank
Richard Fairbank, co-founder, CEO and chair, Capital One Financial Corp., McLean
Power and influence: Fairbank and Capital One co-founder Nigel Morris disrupted the then-staid credit card business by using data to target market different credit card plans to a variety of customers. During Fairbank’s 29-year tenure as CEO, the company’s tagline “What’s in your wallet?” has become one of the most ubiquitous ad slogans ever. One of the nation’s 10 largest banks, Capital One was the third largest issuer of Visa and Mastercard credit cards in 2021. The company ranked 108th on the Fortune 500 last year. A billionaire, Fairbank made about $20.5 million in total compensation in 2021.
Recent developments: Capital One earned $34.3 billion in net revenue for 2022, an increase of 13% from 2021, along with $333 billion in deposits and $455.2 billion in total assets as of Dec. 31, 2022. In January, the bank laid off about 1,100 tech workers amid a wave of similar layoffs nationwide.
Fralin
W. Heywood Fralin, chairman, Retirement Unlimited Inc., Roanoke
Power and influence: A University of Virginia grad, Fralin is known for his support of Virginia Tech, where he, his wife, Cynthia, and their family trust donated $50 million toward the establishment of the Fralin Biomedical Research Institute at VTC in 2018. In 2012, the couple donated their collection of American art to U.Va., and he has served on the U.Va. and Virginia Tech boards of visitors. Fralin practiced law before joining family businesses Retirement Unlimited Inc. and Medical Facilities of America Inc. He chaired the latter before Richmond-based Innovative Healthcare Management bought it in 2021. Retirement Unlimited Inc. operates 19 senior independent living, assisted living and similar communities in Virginia and Florida.
Recent developments: Fralin and Michael Friedlander, the Fralin Biomedical Research Institute’s founding executive director, are set to receive the Gordon and Llura Gund Leadership Award from Research!America in March. The award recognizes people who increased the level of advocacy for health-related research in their communities or on larger levels.
Gilliland
Amy Gilliland, president, General Dynamics Information Technology Inc., Falls Church
Power and influence: Gilliland oversees General Dynamics’ IT business — with more than 30,000 global employees, including 8,500 in Virginia — and also is helping eliminate stigma around seeking mental health support in an industry known for requiring government clearances. After an employee died by suicide, Gilliland launched the “How are you, really?” campaign. GDIT has also focused on building community through employee resource groups that have included focuses on mental health and social justice. She serves on the BNY Mellon board and is board vice chair for the Northern Virginia Technology Council. Gilliland has also helped raise more than $500,000 to research Rett syndrome. Her 10-year-old daughter, Ashley, has the rare genetic mutation, which affects brain development in girls.
Recent developments: In July 2022, GDIT won a $908 million contract to support IT and network systems operated by the Air Force in Europe, a month after the Government Accountability Office sided with Leidos over a $11.5 billion defense contract that GDIT protested. More recently, GDIT formed a 5G and edge computing accelerator as part of a coalition including Amazon Web Services, Cisco and Dell Technologies.
Gifford
William F. “Billy” Gifford Jr., CEO, Altria Group Inc., Henrico County
Power and influence: In 2020, after 25 years at the tobacco products manufacturer, including as president and CEO of subsidiary Philip Morris USA, Gifford was promoted to CEO. Cigarette sales are declining, and Altria reported $25 billion in net revenues in 2022, down 3.5% from 2021. However, Altria is focusing on alternatives to cigarettes, including three smoke-free categories: heated tobacco, e-cigarettes and oral tobacco. Gifford serves on the boards of Anheuser-Busch InBev — in which Altria has a 10% stake — and Catalyst Inc., a nonprofit that supports the advancement of women as business leaders.
Recent developments: In October 2022, Altria announced a $150 million partnership with Japan Tobacco Group to sell heated tobacco products in the U.S. and worldwide. The deal places Altria in direct competition with Juul Labs Inc. and Philip Morris International Inc. In 2018, Altria sank $12.8 billion into a 35% stake in Juul, then the nation’s e-cigarette leader. In September 2022, Altria ended its noncompete deal with Juul, after its investment value had fallen to $450 million. As of Dec. 31, 2022, it had declined to $250 million.
C. Todd Gilbert, speaker, Virginia House of Delegates, Woodstock
Power and influence: A member of Virginia’s House of Delegates since 2006, Gilbert is a former Shenandoah County prosecutor who has wielded the House gavel since the GOP took control last year. Gov. Glenn Youngkin often attends Gilbert’s Bible studies during the General Assembly session; the two politicos have faced the Democratic-controlled Virginia State Senate’s “brick wall” against many social issue bills favored by conservatives. Gilbert was named the Family Foundation’s “Legislator of the Year” in 2013, and in 2017 the National Rifle Association presented him its Defender of Freedom Award. Gilbert has a private law practice in Woodstock.
Recent developments: Gilbert helped shepherd several legislative wins through the General Assembly for Youngkin in 2022, including a biennial budget that provides about $4 billion in tax cuts, eliminates the 1.5% grocery tax and invests $150 million into site development. During the 2023 session, he championed Youngkin’s proposed $1 billion in tax cuts and increasing industrial site development funding to $600 million. House Republicans this session abandoned about 20 constitutional amendments, including a ban on abortions after 15 weeks, acknowledging the amendments had no chance in the Senate.
Harmon
Jonathan P. Harmon, chairman, McGuireWoods LLP, Richmond
Power and influence: A nationally recognized trial lawyer, Harmon has led the state’s largest law firm since 2017, the first Black man to do so. A graduate of the U.S. Military Academy at West Point, he was president of his basic training class and served in Operation Desert Storm before earning his law degree from the University of Texas. Although his clients include Fortune 500 companies, he also has done prison ministry work, serves on the board of the Pro Bono Institute and volunteers with Faith Landmarks Ministries.
Recent developments: In May 2022, Harmon wrote a column in the Richmond Times-Dispatch about the lessons he learned about leadership and selflessness while grieving the untimely deaths of his mother and his wife. Harmon’s wife, Rhonda Harmon, also a West Point graduate and an attorney who worked on a team that won a historic discrimination case involving redlining, died in 2022 of leukemia.
Victor Hoskins, photo by Stephen Gosling
Victor Hoskins, president and CEO, Fairfax County Economic Development Authority, Fairfax County
Power and influence: Hoskins often mentions that he’s saving households when a job is saved, and that drives his passion for his work. He came to Fairfax in 2019 from Arlington County, where he landed Amazon.com Inc.’s multibillion-dollar HQ2 East Coast headquarters. Hoskins also co-founded the Northern Virginia Economic Development Alliance. In 2022, Fairfax worked with 146 business that announced 12,647 jobs. Hoskins also serves on the President’s Innovation Advisory Council at George Mason University and the Northern Virginia Chamber of Commerce board.
Recent developments: Fairfax County scored a big win in 2022 when Hilton Worldwide Holdings Inc. announced it was renewing its headquarters lease for another 15 years in McLean, with plans to invest $50.3 million and add 350 employees. Also last year, Alarm.com Inc. announced its plans to expand its research and development division, creating 180 jobs.
HUSEMAN
Brian Huseman, vice president of public policy, Amazon.com Inc., Arlington County
Power and influence: A former trial attorney for the U.S. Department of Justice and associate general counsel for the Federal Trade Commission, Huseman leads the goliath e-tailer’s federal lobbying efforts. He left Intel Corp. in 2012 to join Amazon as its Americas public policy director before assuming his current role in 2016. He is heavily involved in Amazon’s $2.5 billion-plus HQ2 East Coast headquarters campus in Arlington County and often serves as HQ2’s public face.
Recent developments: The two towers that constitute HQ2’s first phase, Metropolitan Park, are expected to open this year. In June 2022, Amazon bought the property for HQ2’s 12-acre second phase, PenPlace, from developer JBG Smith for $198 million.
Power and influence: Johnson was known first for co-founding BET Networks, but today she is the owner of Salamander Resort & Spa, named the No. 2 hotel in Virginia by U.S. News & World Report last year, as well as other resorts outside Virginia. She also founded the decade-old Middleburg Film Festival, which draws celebrities to the horse and hunt capital, and she holds a stake in three Washington, D.C., professional sports teams through Monumental Sports & Entertainment. Johnson is also president and managing partner of the Washington Mystics WNBA team.
Recent developments: In 2022, Forbes ranked Johnson No. 22 on its list of America’s Self-Made Women, a leap from her previous ranking at No. 39. Johnson co-chairs the Greater Washington Partnership’s Inclusive Growth Strategy Council, which in June released a 10-year plan to increase equity and create a more inclusive economy from Richmond to Baltimore. Salamander, which already operates resorts in Jamaica, South Carolina, Florida and Colorado, expanded to Washington, D.C., in 2022 with the purchase of the former Mandarin Oriental hotel.
Jones
Dr. J. Stephen Jones, president and CEO, Inova Health System, Falls Church
Power and influence: Jones has led Inova Health System since 2018, after previously serving as the Cleveland Clinic’s president of regional hospitals and family health centers. Inova operates Northern Virginia’s only Level 1 trauma center. Its five hospitals have 1,952 licensed beds and employ more than 20,000 workers. A urologist, Jones is a professor of urology for the University of Virginia and editor-in-chief of the American Urological Association’s Urology Practice journal. He is chair-elect of the American Medical Group Association and serves on the boards of the Greater Washington Partnership and the Northern Virginia Chamber of Commerce.
Recent developments: Jones penned an April 2022 op-ed in the Richmond Times-Dispatch, writing that criminalization of mistakes in health care would have a chilling effect on practitioners, and he has also raised awareness of the issue of workplace violence against health care workers. In May, he oversaw the opening of the Inova Saville Cancer Screening and Prevention Center in Fairfax. That same month, demolition of Alexandria’s former Landmark Mall began, clearing the way for the new $1 billion Inova Alexandria Hospital, which celebrated its 150th anniversary in December 2022.
Kastner
Christopher D. Kastner, president and CEO, Huntington Ingalls Industries Inc., Newport News
Power and influence: Kastner is starting his second year leading the state’s largest industrial employer. Fortune 500 military shipbuilder HII employs 44,000 people worldwide, including about 25,000 who work for Newport News Shipbuilding, the only U.S. builder of nuclear-powered aircraft carriers. Kastner serves as vice chair for WHRO Public Media, Hampton Roads’ public broadcasting station, and on the board of trustees for Eastern Virginia Medical School.
Recent developments: HII has diversified into technological solutions and invested in unmanned systems and artificial intelligence. In April 2022, HII’s mission technologies division launched Odyssey, an open-architecture platform that can turn any ship or vehicle into an intelligent, autonomous system; the technology is being incorporated into an unmanned mine-sweeping surface vessel. HII also landed a potential $3.2 billion contract to design and build the Navy’s next amphibious warship.
Nazzic S. Keene, CEO, Science Applications International Corp., Reston
Power and influence: One of the state’s most powerful and well-compensated women CEOs, Keene leads approximately 26,000 employees at Fortune 500 federal contractor SAIC, which saw revenues of about $7.4 billion in fiscal year 2022. Joining the company in 2012 as a sector president, Keene became CEO in 2019, just two years after being named chief operating officer. A native of Libya, Keene previously worked as senior vice president and general manager for U.S. Enterprise Markets at CGI Inc., a Quebec-based IT and business consulting firm. Keene sits on the Inova Health System board and is a member of ADP’s board of directors.
Recent developments: In 2022, SAIC received more than $500 million in Joint All-Domain Command and Control (JADC2)-related contract awards from the Department of Defense. In November 2022, SAIC won a $757 million contract to provide software development and management for the Army’s Enterprise Service Desk.
Krone
Roger A. Krone, chairman and CEO, Leidos Holdings Inc.,Reston
Power and influence: Since 2014, Krone has led the $13.7 billion Fortune 500 federal contractor, which employs 43,000 people worldwide. In February 2022, Leidos won an $11.5 billion contract to consolidate enterprise IT services for 370,000 users across 22 Department of Defense agencies and field activities in 500 sites worldwide. Krone joined Leidos after more than two decades with Boeing Co. and McDonnell Douglas.
Recent developments: While Leidos had already extended support to Ukrainians through D.C-based humanitarian aid organization Project HOPE soon after Russia’s invasion of Ukraine last year, Leidos announced a continuing partnership in August 2022 to keep the support going indefinitely. In November 2022, Leidos completed its $215 million acquisition of Cobham Aviation Services, adding the Australian airborne surveillance and search-and-rescue missions company to its portfolio, and a month later, Leidos won a $334 million contract to help the Air Force develop its Mayhem hypersonic aircraft. On Feb. 27, Leidos announced Krone’s retirement May 4.
Kuhn
Charles “Chuck” Kuhn, founder and CEO, JK Moving Services, Sterling
Power and influence: Founded in 1980 in Kuhn’s parents’ basement, JK Moving Services is the largest independent moving company in the nation. Kuhn is also chairman of CapRelo, an employee relocation services business. The two companies employ about 1,100 people. However, Kuhn is just as well known for his land conservation efforts and his push for data centers. A leader in philanthropy, Kuhn launched JK Community Farm in 2018. The Kuhn family has also placed more than 22,000 acres of land under conservation easement.
Recent developments: The American Trucking Association named JK Moving Services its MSC Independent Mover of the Year last year. In 2022, Kuhn passed responsibility for day-to-day operations of the moving company to David Cox, who was promoted to president. JK Land Holdings LLC, owned by the Kuhn family, is partnering with the Yondr Group, a Netherlands-based company, to build data centers in Loudoun and Prince William counties.
Layne
Aubrey L. Layne Jr., executive vice president of governance and external affairs, Sentara Healthcare Inc., Norfolk
Power and influence: A native of Hampton Roads, Layne served as state finance secretary in the Northam administration. He stepped down in 2021 to join Sentara, one of the state’s largest health care systems, where he focuses on legislative affairs, the Sentara Foundation and the Sentara College of Health Sciences in Chesapeake. He also chairs the Virginia Port Authority’s board of commissioners, which oversees the Port of Virginia. Layne previously served as the state’s secretary of transportation under Gov. Terry McAuliffe and was president and principal broker of Great Atlantic Properties in Virginia Beach.
Recent developments: Layne has been a force behind the merger between Eastern Virginia Medical School and Old Dominion University, which will create the Eastern Virginia Health Sciences Center at ODU after passage of state legislation this spring. He also works as an unpaid special adviser to the Youngkin administration and in January was named a board member for the Virginia Chamber of Commerce.
McDuffie
Mary McDuffie, president and CEO, Navy Federal Credit Union, Vienna
Power and influence: McDuffie took the helm of the world’s largest credit union in 2019. With 22,500 employees at 355 branches, Navy Federal had about $157 billion in assets at the end of 2022 and more than 12 million members globally. McDuffie joined the credit union in 1999 as vice president of marketing. Previously, she worked as senior vice president of marketing for Star Systems Inc. A Wellesley College graduate, McDuffie sits on the board of directors of the Baltimore office of the Federal Reserve Bank of Richmond.
Recent developments: This year McDuffie will help the credit union celebrate its 90th anniversary. Navy Federal ranked in 2022 as one of Fortune’s Best Workplaces for Women, and about 66% of employees and 60% of the management team are female. Navy Federal also made Fortune’s 100 Best Companies to Work For list for the 11th year in a row. The credit union plans to open five new branches in the United States this year. In January, a federal judge dismissed a proposed class action lawsuit against Navy Federal related to fraud on the Zelle app.
McGlothlin, photo by Earl Neikirk
Jim McGlothlin, chairman and CEO, The United Co., Bristol
Power and influence: McGlothlin was building a career as an attorney when he bought a Buchanan coal company for $25,000 at auction in 1970. He went on to launch The United Coal Co., a business that expanded into steel, oil and mining equipment. Instrumental in getting casinos legalized in Virginia, he is a developer and co-owner of the Hard Rock Hotel & Casino Bristol, which opened in a temporary space in July 2022. Casino revenues have so far exceeded expectations, with adjusted gross revenues of more than $67 million earned from July to November 2022. The permanent, $400 million Hard Rock casino is set to open in 2024. McGlothlin and his wife, Frances Gibson McGlothlin, are also major American art collectors and philanthropists.
Recent developments: In December 2022, McGlothlin was named Virginia Business’ 2022 Person of the Year. That same month, Hard Rock broke ground on the permanent Bristol casino, which will include a 3,200-seat theater and a 20,000-person-capacity outdoor entertainment venue. The McGlothlins also donated nearly $60 million to the Virginia Museum of Fine Arts in March 2022, a gift that includes 15 American artworks and will support a new 170,000-square-foot wing.
Nassetta
Christopher J. Nassetta, president and CEO, Hilton Worldwide Holdings Inc., McLean
Power and influence: Since 2007, Nassetta has led Hilton, the Fortune 1000 hospitality company with a portfolio of 7,000 properties in 123 countries and territories. A graduate of the University of Virginia, Nassetta sits on the advisory board for the school’s McIntire School of Commerce and on the board of CoStar Group Inc. He also serves on the Arlington Free Clinic’s community council and is chairman emeritus of The Real Estate Roundtable.
Recent developments: In August 2022, Hilton announced plans to expand its global headquarters in Fairfax County, adding 350 jobs over the next five years. Virginia Gov. Glenn Youngkin approved more than $6 million in state grants to support the $50.3 million deal. After the pandemic hurt the hotel industry, Hilton dropped off the Fortune 500 list in 2021 and ranked No. 538 on the 2022 Fortune 1000 list. Nassetta was Virginia’s third highest-paid CEO in 2021, with total compensation of $23.2 million.
Novakovic
Phebe Novakovic, chairman and CEO, General Dynamics Corp., Reston
Power and influence: Ranked No. 30 on Forbes’ 2022 World’s 100 Most Powerful Women list (just behind Oprah Winfrey and Nancy Pelosi), Novakovic has led the world’s fifth largest aerospace and defense company since 2013. With more than 100,000 employees, General Dynamics reported net earnings of $3.4 billion in 2022, up 4.1% from 2021. In 2021, Novakovic earned about $23.55 million in total compensation, making her the second highest-paid Virginia CEO. She serves on the board of JPMorgan Chase & Co. and chairs the Association of the U.S. Army.
Recent developments: In April 2022, Novakovic was included on a list of executives and other leaders “denied entry to the Russian Federation on an indefinite basis.” Russia imposed the sanctions in response to U.S. sanctions against Russia over its invasion of Ukraine. In August 2022, subsidiary General Dynamics Land Systems was awarded an order from the U.S. Army worth up to $1.1 billion to deliver battle tanks to Poland, and GD’s Electric Boat received a $5.1 billion contract modification for Columbia-class submarines in December.
Rizer, photo by Will Schermerhorn
Buddy Rizer, executive director, department of economic development, Loudoun County
Power and influence: Rizer is the architect behind Loudoun’s reputation as “Data Center Alley.” In 2022, data centers accounted for at least $6.6 billion in new economic development announcements in Loudoun, according to the Virginia Economic Development Partnership. A former radio DJ, Rizer chairs the Northern Virginia Community College Foundation board and is a nonvoting member of the Northern Virginia Technology Council board.
Recent developments: Metro opened its long-awaited $3 billion Silver Line extension in November 2022, adding stops in Loudoun that are expected to fuel more development. Last June, Irish energy management company Hanley Energy announced an $8 million expansion in Ashburn, expected to create 343 jobs. Meanwhile, opposition to data centers is growing in Virginia, chiefly over environmental and noise concerns. Loudoun County supervisors have made moves to prevent construction of data centers in rural areas, but the county also added 3 million square feet of data centers in 2022.
Rozanski
Horacio D. Rozanski, president and CEO, Booz Allen Hamilton Holding Corp., McLean
Power and influence: A native of Argentina, Rozanski got his start in 1991 as an intern at Booz Allen’s Buenos Aires office, and in 2015 he was named CEO of the Fortune 500 global technology and consulting company. Rozanski had earlier helped the company separate its government and commercial businesses into two distinct companies. For fiscal 2022, Booz Allen posted $8.4 billion in revenue, 6.4% more than the previous year. Outside work, Rozanski chairs the Children’s National Medical Center board and sits on the boards of Marriott International Inc. and CARE USA.
Recent developments: In November 2022, Booz Allen Hamilton held a ribbon-cutting for its Washington, D.C.-based Helix Center for Innovation, a space where clients can learn about global defense, national security and climate resilience technologies. Booz Allen is a prime contractor on more than 150 AI projects for the federal government, and last year it started a venture capital fund to invest in AI companies.
Ryan
James E. Ryan, president, University of Virginia, Charlottesville
Power and influence: Previously dean of Harvard’s Graduate School of Education, Ryan has led Virginia’s flagship public university since 2018 and is a graduate of its law school. Launched by Ryan in 2019, U.Va.’s $5 billion “Honor the Future” capital fundraising campaign raised more than $4.3 billion as of last spring. The university’s board of visitors has unanimously voted to extend Ryan’s contract to 2028. He has also been instrumental in launching U.Va.’s Karsh Institute of Democracy and its School of Data Science. In April 2022, U.Va.’s athletics department announced its largest single gift, $40 million from an anonymous former student-athlete.
Recent developments: Ryan invited an external review of the November 2022 shooting by a student who killed three members of the Cavaliers football team and injured two other students after a class field trip. In January, U.Va. announced plans for a $300 million biotechnology institute to produce new medical treatments, funded in part by a $100 million donation by Charlottesville residents Paul and Diane Manning, one of the largest individual gifts in the university’s history.
Salvino
Mike Salvino, president, chairman and CEO, DXC Technology Co., Ashburn
Power and influence: Salvino is leading the Fortune 500 information technology services and consulting company through a multiyear “transformation journey” to become better focused and more cost-effective. He was also Virginia’s highest compensated CEO in 2021, earning more than $28.7 million, a 32% jump over the previous year.
Recent developments: Salvino’s pay went up at a time when DXC’s financial performance has lagged behind previous years. The company posted $16.265 billion in 2022 revenue; it reported $17.729 billion in 2021. In February, the company reported $3.57 billion in revenue for the third quarter of fiscal 2023, down 12.8%, compared with the prior year period. Salvino has said the company missed some revenue goals after encountering unexpected costs and disruptions tied to Russia’s invasion of Ukraine, and the company withdrew business from Russia. In October 2022, Hong Kong’s Baring Private Equity Asia Ltd. approached DXC about potentially acquiring the company, and in February, Salvino said DXC remains in “preliminary discussions” about the deal.
Sands
Timothy D. “Tim” Sands, president, Virginia Tech,Blacksburg
Power and influence: Nicknamed “the Sandsman” (a reference to the Hokies’ football anthem, Metallica’s “Enter Sandman”), Sands became Virginia Tech’s 16th president in 2014. An engineer and researcher, Sands is considered an expert in light-emitted diodes. As Tech’s president, he has overseen the establishment of the university’s $1 billion Innovation Campus set to officially open in Alexandria next year. State leaders are looking to the new campus as a pipeline to fill a much-needed gap in highly skilled tech workers. Sands chairs the board of the Virginia Space Grant Consortium.
Recent developments: Last August, Tech’s board of visitors voted unanimously to extend Sands’ contract through the 2027 academic year. In 2022, the university increased its Boundless Impact fundraising goal from $1.5 billion to $1.872 billion. Announced in 2019, the campaign has already raised more than $1 billion. In September 2022, Tech received a record $80 million grant to lead a climate-smart farming pilot program, and in November 2022, its real estate program became the Blackwood Department of Real Estate.
Shea, photo by Will Schermerhorn
Stu Shea, chairman, president and CEO, Peraton Inc., Reston
Power and influence: Shea oversees one of Northern Virginia’s biggest federal IT contractors, which was founded in 2017 after private equity fund Veritas Capital bought Harris Corp. Government Services. In 2021, Peraton bought Perspecta Inc. and Northrop Grumman’s federal IT services businesses for a total of $10.5 billion. A national security legend, Shea helped build the CIA’s earliest computer systems and came out of retirement to lead Peraton, which now has 19,000 employees. He also founded the U.S. Geospatial Intelligence Foundation and in 2016, Shea received the Intelligence Community Seal Medallion. Last year, Shea received an honorary doctorate from George Mason University.
Recent developments: In December 2022, a Peraton subsidiary won a $2.25 billion contract to perform background investigation field work for the Defense Counterintelligence and Security Agency. Peraton’s corporate headquarters recently moved from Herndon to Reston Town Center.
Staton
Travis Staton, president and CEO, United Way of Southwest Virginia, Abingdon
Power and influence: The United Way of Southwest Virginia’s leader since 2005, Staton has an outsized influence as an advocate for regional solutions to health, education and economic issues challenging one of the poorest areas of the state. Recognized among the nation’s most innovative United Way affiliates, UWSWVA has been through eight mergers and acquisitions under Staton’s leadership, and it now represents 17 counties and four cities — a footprint covering 20% of the state. In 2021, UWSWVA launched Ready SWVA, an initiative to increase the region’s child care options, a key barrier to work. Staton also serves on the Region One Council for GO Virginia, a state economic development initiative fostering private sector growth and job creation.
Recent developments: Last year, Gov. Glenn Youngkin announced $1.24 million in new grant funding for Ready SWVA, which had previously received $3.5 million from the General Assembly. The funding will place 100 new teachers in early child care centers over the next two years.
Sweet
Julie Sweet, CEO and chair, Accenture, Arlington County
Power and influence: Ranked No. 9 on Forbes’ 2022 World’s 100 Most Powerful Women list (Vice President Kamala Harris is ranked No. 3), Sweet joined the Fortune Global 500 professional services company in 2010 as its general counsel and was promoted to CEO in 2019 and board chair in 2021. Working out of Accenture’s Arlington office, Sweet leads a company that employs 738,000 people across 120 nations. She also chairs the board of Catalyst Inc., a nonprofit that promotes women-friendly workplaces, and serves on boards for the World Economic Forum, the Center for Strategic and International Studies, and Bridges from School to Work.
Recent developments: Accenture reported $61.6 billion in fiscal 2022 total revenue, an increase of 26% from the previous year. Following the devastating February earthquakes that killed more than 40,000 people in Turkey and Syria, Sweet said that Accenture, which has a presence in Turkey, would donate $1 million in humanitarian aid, in addition to launching a “global giving campaign with 100% matching funds, to add to the efforts being made to quickly reach those most in need.”
Terry, photo by Mark Rhodes
Eric Terry, president, Virginia Restaurant, Lodging & Travel Association, Richmond
Power and influence: Terry has led the state association advocating for the restaurant, hotel and travel industries for nearly a decade, bringing more than three decades of experience in the entertainment, hotel, casino resort and events industries. A graduate of Virginia Tech’s Hospitality and Tourism Management School, he previously was a vice president for Texas-based Redstone Companies Hospitality.
Recent developments: During the 2022 General Assembly session, Terry successfully championed legislation extending to-go cocktails at restaurants through July 2024.
Thompson, photo by James Lee
Bruce L. Thompson, CEO, Gold Key | PHR, Virginia Beach
Power and influence: A Norfolk native and Virginia Business’ 2021 Person of the Year, Thompson is best known for developing the Cavalier Resort, which includes the restored historic Cavalier Hotel as well as two new hotels, restaurants and residences on 21 acres at the Virginia Beach oceanfront. Thompson’s Gold Key | PHR reports annual revenues exceeding $140 million and employs more than 2,400 people. The politically connected Thompson has chaired inaugural galas for both Democratic and Republican governors, including Gov. Glenn Youngkin.
Recent developments: In August 2022, the city of Virginia Beach revealed proposals from several development groups for the undeveloped Rudee Loop property. Gold Key | PHR’s proposal included plans for a seven-acre park, multifamily housing, a parking garage and possibly a boutique hotel. The city is still evaluating the proposals after collecting citizen input.
Thompson
Warren Thompson, founder, president and chairman, Thompson Hospitality Corp.,Reston
Power and influence: A Windsor native, Thompson decided that he wanted to work in the restaurant industry while eating at a Shoney’s with his parents at age 12. Following graduation from the University of Virginia Darden School of Business, he worked for Marriott International Inc. for several years before launching Thompson Hospitality Corp. in 1992. Today, the company is the largest minority-run food and facilities management corporation in the nation. On top of operating dining services for companies, universities and hospitals, Thompson Hospitality owns several restaurant chains, including Milk & Honey and Matchbox. Thompson also serves on the board of Performance Food Group Co.
Recent developments: In September 2022, Thompson penned an op-ed in The Washington Post, speaking out against Initiative 82, a measure to gradually increase the tipped minimum wage in Washington, D.C. “As restaurants recover from the coronavirus pandemic, the elimination of the tipped wage would force restaurants to reduce staff, increase menu prices and implement policies that would ultimately affect restaurant employees’ earning potential,” he wrote. Even so, D.C. voters overwhelmingly passed the initiative. Thompson Hospitality formed a partnership with Loudoun-based Velocity Restaurant & Hospitality Group in December 2022.
VandeHei
Jim VandeHei, co-founder and CEO, Axios Media Inc.; chair, Axios HQ, Arlington County
Power and influence: In a December 2022 Axios newsletter encouraging entrepreneurs to launch or join a startup, VandeHei called himself “among the most unremarkable, underachieving, unimpressive 20-year-olds you would have stumbled across in 1991.” After a quarter century, and with a résumé much improved upon from his 1.491 grade point average, VandeHei, a Politico co-founder and former Washington Post and Wall Street Journal reporter, launched Axios as an inside-the-Beltway, bullet-point news site in 2016. Axios is also aiming to fill the void left by the contraction of local media outlets and is now offering newsletter coverage in 26 cities, including Richmond and Washington, D.C. VandeHei serves on the board of the Partnership for Public Service.
Recent developments: In August 2022, Axios was sold to Cox Enterprises Inc. for $525 million, and the company expected to reach $100 million in revenue last year. VandeHei retains a seat on the media arm’s board and also became chair of Axios HQ, the company’s software division that was spun off in September 2022.
Weihrauch
Poul Weihrauch, president and CEO, Mars Inc., McLean
Power and influence: A Denmark native, Weihrauch leads Virginia’s largest private company, a global candy and pet food manufacturer that employs about 140,000 people worldwide. In September 2022, Weihrauch succeeded retiring CEO Grant F. Reid, who grew Mars’ annual revenue by more than 50% to nearly $45 billion during his eight-year tenure. Weihrauch, who joined Mars in 2000, previously served as president of Mars Petcare, the company’s pet food and veterinary health division. He had also led its European confectionary business. Weihrauch serves on the foundation board of the International Institute for Management Development, a Swiss executive training school.
Recent developments: Mars filed plans in April 2022 to expand and update its downtown McLean headquarters. In January, Mars announced it had partnered with Harvard University and Massachusetts Institute of Technology to sequence the genomes of 10,000 cats and 10,000 dogs to advance pet health care.
Warden
Kathy J. Warden, chairman, president and CEO, Northrop Grumman Corp., Falls Church
Power and influence: A James Madison University alum, Warden became CEO of the world’s fourth largest aerospace and defense contractor in 2019 after serving as president and chief operating officer. Ranked No. 38 on Forbes’ 2022 World’s 100 Most Powerful Women list, she worked for General Dynamics Corp. and Veridian Corp. before joining Northrop Grumman in 2008. Warden serves on the boards of Merck & Co. Inc. and the Aerospace Industries Association.
Recent developments: Northrop Grumman reported $36.6 billion in 2022 revenue, up 3% from 2021. In August 2022, Northrop Grumman received a nearly $3.3 billion contract from the Missile Defense Agency for work on the next Ground-based Midcourse Defense Weapon System program. In November 2022, NASA launched its Artemis I unmanned moon mission, for which Northrop Grumman provided solid rocket boosters and motors. The Fortune 500 contractor will continue to support Artemis flights under a $3.19 billion contract through 2031.
Williams, photo by Mark Rhodes
Pharrell Williams, musician, producer, developer, entrepreneur and philanthropist, Miami/Virginia Beach
Power and influence: The music superstar has won 13 Grammys, and his triple-platinum single “Happy” was named the most played song of the 2010s. Even so, Williams never forgot about his hometown of Virginia Beach. Williams is partnering with Virginia Beach-based Venture Realty Group on the $350 million Atlantic Park surf park and entertainment center development being planned for the Oceanfront area. Meanwhile, the city of Norfolk is negotiating with Wellness Circle LLC, a group of developers that includes Williams, on a proposal to redevelop Norfolk’s Military Circle Mall with an arena, office space and a hotel, as well as residential properties.
Recent developments: In November 2022, Williams hosted the Mighty Dream Forum in Norfolk, a three-day conference focused on diversity, equity and inclusion in business. During the conference, he announced that his Something in the Water music festival would return to Virginia Beach in late April. Williams moved the event to Washington, D.C., in July 2022, citing the “toxic energy” of Virginia Beach leaders and their handling of the investigation into his cousin’s 2021 killing by a Virginia Beach police officer. In February, French luxury brand Louis Vuitton tapped Williams as the next creative director of its menswear collection.
Youngkin
Gov. Glenn Youngkin, governor of Virginia, Richmond
Power and influence: Born in Richmond and raised in Virginia Beach, Youngkin took office in January 2022 in a near sweep by Republicans, who won the attorney general and lieutenant governor seats, as well as control of the House of Delegates. Formerly co-CEO of The Carlyle Group private equity firm, Youngkin spent much of 2022 stumping for GOP candidates in other states — spurring talk that Youngkin was setting the stage for a 2024 presidential bid, a rumor he has neither confirmed nor denied. His first year in public office included a big economic development win (the Lego Group’s announced $1 billion Chesterfield County factory) and some legislative losses on culture wars topics, including Youngkin’s proposed ban on most abortions after 15 weeks. In January, respondents to a survey by Christopher Newport University’s Wason Center for Civic Leadership gave Youngkin a 50% approval rating, with 59% also saying they didn’t want him to run for president in 2024.
Recent developments: Youngkin was criticized by Democrats for taking Virginia out of the running for a $3.5 billion Ford Motor Co. electric vehicle battery manufacturing plant in Pittsylvania County because of the project’s ties to a Chinese company. In February, Ford announced the plant would be locating in Michigan, with production to begin in 2026.
Stephen O’Bryan will become corporate vice president and global business development officer for Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. on Feb. 6.
Northrop Grumman announced that the board of directors elected O’Bryan on Monday.
O’Bryan will lead business development organization and contribute to international growth. He succeeds David Perry, who is set to retire March 31. Perry will continue as corporate vice president to support the transition until his retirement.
O’Bryan will report to Kathy Warden, Northrop Grumman’s chair, CEO and president.
“Steve is a highly respected business leader, and with his experience and expertise, he’ll help further position and grow our business in key markets around the world,” Warden said in a statement.
O’Bryan comes from Boston Consulting Group, according to a Northrop Grumman news release. Previously, he served as executive director of GBD Defense Group. From 2018 to 2019, he served as senior vice president and chief global business development officer for L3Harris Technologies Inc. From 2004 to 2018, O’Bryan held various roles with Lockheed Martin Corp., including vice president of strategy and business development.
O’Bryan was an F/A-18 pilot in the U.S. Navy and is a graduate of the Navy Strike Fighter Tactics Instructor program, originally called the Navy Fighter Weapons School and more commonly known as Top Gun.
He holds a bachelor’s degree from Colgate University and an MBA from Southern Methodist University.
Defense contractor Northrop Grumman employs roughly 95,000 employees and reported $36.6 billion in 2022 revenue. The company ranked No. 399 on the Fortune Global 500 list in 2022.
The top five most-read daily news stories on VirginiaBusiness.com from Sept. 14 to Oct. 14 included an announcement of a major agricultural operation in Chesterfield County expected to begin operation in late 2023 or early 2024.
1|Lowe’s to open distribution facility in Suffolk
The North Carolina-based home improvement retailer plans to establish a coastal warehousing and distribution facility, adding 100 jobs. (Oct. 13)
The Norfolk-based health system promoted Melinda Hancock, Aubrey Layne and Tim Skeen to executive vice presidents. (Oct. 7)
3|DXC Technology Co. receives takeover interest
Ashburn-based DXC and Baring Private Equity Asia Ltd. are in talks after the Asian buyout firm approached the Fortune 500 information technology services firm about a potential takeover. (Sept. 22)
4|Northrop Grumman names new defense systems president
Roshan Roeder was appointed corporate vice president and president of the Falls Church-based Fortune 500 contractor’s defense systems sector. (Sept. 22)
5|$300 million vertical farming campus coming to Chesterfield
San Francisco-based Plenty Unlimited Inc. plans to build what it’s billing as the world’s largest indoor vertical farming campus in Chesterfield County’s Meadowville Technology Park, creating 300 jobs. (Sept. 14)
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend.
The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020.
CEO compensation data was gleaned from an annual study conducted by Equilar Inc., a California-based corporate leadership data firm. To determine executive pay, Equilar tallies salary, bonus, perks, stock awards, stock option awards, long-term awards and other compensation. Altogether, Equilar examined CEO compensation data for 56 Virginia-based public companies with annual revenues of $1 billion or more. (See data for the top 40 highest-paid Virginia CEOs of publicly traded companies at bottom of this story.)
Virginia’s most highly compensated CEO in 2021 was Michael J. Salvino of DXC Technology Co. in Ashburn, a Fortune 500 information technology services and consulting company. His pay totaled $28.716 million, a 32% jump over 2020, when he earned $21.733 million.
That compensation bump doesn’t necessarily correlate with the company’s financial performance, however. DXC posted $16.265 billion in 2022 revenue, down 8.26% from 2021, when it reported $17.729 billion. That, in turn, was 9.44% less than the $19.577 billion DXC reported in 2020. The company’s stock was trading at $26.60 in early September, down from a high of $96.75 per share in 2018.
DXC declined comment for this story. Salvino, who is also DXC’s chairman and president, has told investors that DXC has been going through a multiyear “transformation journey” to become better focused and more cost-effective. In earnings calls this year, the company said it missed some revenue goals after encountering unexpected costs and other disruptions associated with Russia’s invasion of Ukraine, which prompted DXC to withdraw business from Russia.
In August, the company posted first quarter 2023 earnings of $3.71 billion, down 10.5% from the same period a year ago. “Our transformation journey is creating value and we are confident that we are taking the right steps for DXC in the short term that will set us up for success in the long term,” Salvino said in a statement at the time.
DXC Technology Chairman, President and CEO Mike Salvino was the highest-paid leader of a Virginia publicly traded company in 2021. The Fortune 500 tech executive earned $28.7 million last year, up from $21.7 million in 2020. Photo courtesy DXC Technology Co.
Coming in second place for total compensation among Virginia CEOs of public companies was General Dynamics Corp. Chairman and CEO Phebe N. Novakovic, who received $23,553,862 in total compensation in 2021 for leading the Reston-based Fortune 500 global aerospace and defense contractor. That represented a 24% boost over her 2020 pay of $18.946 million.
General Dynamics reported $38.5 billion in 2021 revenue, up from $37.9 billion in 2020, but down from the $39.4 billion it reaped in 2019. The company’s stock hit a five-year high of $254.99 per share in March, when its General Dynamics Information Technology Inc. subsidiary won a $4.5 billion, 10-year National Geospatial-Intelligence Agency contract. General Dynamics stock was trading at $227.69 in early September.
In 2019, General Dynamics won the largest Navy contract ever awarded, a $22.2 billion multiyear order for nine Block V Virginia-class nuclear-powered, fast-attack submarines capable of launching Tomahawk missiles. That was followed by an additional $2.4 billion award in March 2021 to build a 10th Block V submarine. Construction of that submarine is expected to begin in 2024.
Coming in third place on the compensation scale was Christopher J. Nassetta, president and CEO of McLean-based international hospitality company Hilton Worldwide Holdings Inc. His overall compensation was $23.285 million, a 16% increase over his 2020 compensation of $20.058 million.
Like almost every other hospitality business, Hilton was hard hit by the COVID-19 pandemic and its business still hasn’t rebounded to pre-pandemic levels. For 2020 and 2021, it took in $4.307 billion and $5.788 billion in revenue respectively, well below the $9.452 billion it posted in 2019. But this summer, Nassetta said in an earnings call that, based on increased travel demand during the first half of this year, he predicted that business travel will be back “on a revenue basis equal to 2019 levels” by late 2022.
Nationally, the median pay for CEOs was $14.5 million in 2021 — a 17.1% increase from the $12.7 million media from the previous year, according to an analysis by Equilar and The Associated Press of compensation for CEOs leading S&P 500 companies for at least two years at the close of fiscal year 2021.
The highest paid U.S. CEO identified in the most recent Equilar/AP executive compensation survey was Peter Kern of Redmond, Washington-based online travel company Expedia Group Inc. Kern received $296.2 million in 2021. The only other S&P CEO to earn more than $200 million last year was David M. Zaslav of New York-based entertainment conglomerate Warner Bros. Discovery Inc., with a $246.6 million pay package.
Virginia CEOs — even the most highly compensated — are paupers by comparison.
General Dynamics Corp. Chairman and CEO Phebe N. Novakovic was the second highest-paid CEO of a publicly traded company last year. In 2021, Novakovic earned $23.55 million for leading the Reston-based Fortune 500 aerospace and defense contractor. Photo courtesy General Dynamics Corp.
Bonus babies
In Virginia’s CEO pay horse race for 2021, the biggest drop in salary was suffered by Timothy O’Shaughnessy of Arlington-based Graham Holdings Co., a diversified conglomerate that formerly owned The Washington Post and Newsweek magazine. His total compensation dropped 77% in 2021 to $2.252 million, down from $9.633 million in 2020.
In terms of percentage gain in compensation, the biggest winner among Virginia CEOs was Michael J. Saylor of MicroStrategy Inc., a Tysons-based software firm best known as the world’s largest corporate holder of bitcoin. In 2021, Saylor saw his compensation go up 583% to $2.78 million, up from $407,160 in 2020.
But big winners don’t always stay that way.
In August, Saylor stepped down as MicroStrategy’s CEO, transitioning to executive chairman, amid an earnings report that tallied a $1.98 billion impairment loss on the company’s bitcoin holdings. Additionally, Washington, D.C.’s city government sued Saylor and MicroStrategy in August, alleging that Saylor and the company had engaged in a tax avoidance scheme, falsely claiming that Saylor was a resident of Virginia or Florida when his primary residence was in D.C. Saylor and MicroStrategy vigorously denied the allegations. (See related story.)
For the average Virginia CEO, Equilar’s study finds that bonuses are an important component of executive pay, accounting for about 20% of most CEO’s compensation packages. Overall, Virginia CEOs also saw increases in their 2021 bonus pay, which rose 35.9% over 2020, averaging $1.725 million in 2021, up from $1.373 million for the previous year.
Last year “was a good year, financially, for a lot of companies,” says Equilar’s director of research, Courtney Yu, explaining why bonuses and overall compensation rose significantly in 2021.
Novakovic of General Dynamics earned the biggest bonus among Virginia CEOs of publicly traded companies, reaping $6.074 million, an 111% bump over her 2020 bonus of $2.872 million.
The Virginia CEO who saw the largest percentage gain in their bonus pay last year was George Holm of Goochland County-based food distribution company Performance Food Group Co. His bonus pay rose 389% in 2021 to $1.8 million, up from $375,000 in 2020. Performance Food Group had furloughed or laid off thousands of workers and deferred 25% of its senior management’s compensation in 2020 as food orders from restaurants plummeted amid the early months of the pandemic. PFG reorganized its business segments this year to streamline operations.
Just behind Holm was Norfolk Southern Corp. CEO James A. Squires, who is on the list of Virginia CEOs for the last time this year after the railroad company formally finished moving its headquarters from Norfolk to Atlanta in late 2021. His bonus rose from $779,625 in 2020 to a far more robust $3.465 million in 2021, a percentage gain of 344%. His bonus significantly exceeded his base salary of $1 million.
Vested interest
But neither bonuses nor salaries are the biggest driver behind a CEO’s compensation, according to Yu of Equilar. Equity compensation, which can include shares, stock options or other ownership stake in a company, constitutes the largest portion of CEO compensation these days, which is a continuing trend, he says.
“Investors have always wanted [CEO] pay to be more closely aligned with performance, and when we measure performance, we’re talking about a company’s stock price usually,” Yu says.
The more equity executives are granted, the more their compensation is tied to the company’s stock performance, which is ultimately what investors care about, he says.
As a rule, CEOs can’t cash in on their equity immediately.
“There is a vesting component to it, usually three or four years,” Yu says, so equity grants function not only as an incentive for remaining in the job, but also for continuing to perform well over the long term.
The average equity award in 2021 was $5.5 million, more than twice the average $2.6 million that CEOs received from salaries and bonuses.
The largest equity awards made to a CEO in 2021 were to Salvino of DXC Technology. His equity awards totaled $25.087 million in 2021, constituting most of his $28.7 million compensation package.
Novakovic of General Dynamics, second on the compensation list, had equity awards totaling $15.395 million, making up more than 65% of her overall compensation of $23.5 million.
Christopher Nassetta of Hilton Worldwide Holdings received an equity award of $18.274 million against total compensation of $23.285 million.
Also notable in the Equilar survey is that women CEOs are sparsely represented among the top-paid Virginia CEOs, with only three women among the 56 Virginia CEOs whose compensation was studied. That’s just over 5% — considerably less than the 14.79% of women CEOs heading up Fortune 500 companies this year.
Besides Novakovic of General Dynamics, the other two top-paid women CEOS of publicly traded Fortune 500 Virginia companies are Nazzic S. Keene of Reston-based federal contractor Science Applications International Corp. (SAIC) and Kathy J. Warden of Falls Church-based aerospace and defense contractor Northrop Grumman Corp.
While few in number, Virginia’s women CEOs all had a high batting average when it came to compensation.
Novakovic bested all but one of the male CEOs and all of her female counterparts. Meanwhile, Warden with Northrop Grumman posted total compensation of $19.505 million in 2021, putting her among the top 10 highest-paid Virginia CEOs of public companies, despite seeing her compensation drop slightly from $19.662 million in 2020. And Keene with SAIC received compensation of $8.343 million, a 20% boost over her 2020 pay of $6.936 million.
The highest-paid U.S. woman CEO in 2021, according to Equilar, was Roz Brewer, who last year became CEO of Deerfield, Illinois-based Walgreens Boots Alliance Inc., which owns the Walgreens pharmacy retail chain. Brewer last year received $28.3 million in compensation — $20.2 million of which came from equity awards.
Nancy Bagranoff, a professor of accounting and former dean of the University of Richmond’s Robins School of Business, says there are a lot of reasons why women aren’t becoming CEOs in the same numbers as men.
“But the main one is that we nominate and promote who we know. And, unfortunately, that means the same guys who meet on the golf course or in the locker room or in a bar or get-together,” says Bagranoff, who also was dean of Old Dominion University’s College of Business and Public Administration. “They don’t mean to exclude the women, but they don’t know them in the same way.”
Companies, she says, need more women at the top.
“It’s diversity and decision-making that leads to better performance,” Bagranoff says. “Having everybody the same … does not work. Women bring something different to the table, and having those differences are really important.”
Wealth gap
Overall, many Virginia CEOs saw their base salaries increase in 2021, although most rose by single-digit percentages.
There were exceptions, of course.
The executive who saw the biggest percentage increase in base salary was Hilton’s Nassetta, whose base salary increased by 259%, to $1.255 million in 2021, compared with $350,000 the year before, when Nassetta announced in April 2020 he would forgo his base salary for the rest of the year due to the economic impact of the pandemic.
Capital One Financial Corp. founder, Chairman and CEO Richard D. Fairbank earned no salary in 2021, but that’s in keeping with his long-term practice of being paid primarily in company stock. In 2021, Fairbank received an equity award of $15.817 million and a hefty $4.55 million bonus — the second largest bonus of any Virginia CEO. That’s up from the $3 million bonus he received in 2020 for heading up the McLean-based credit card and banking company.
The ratio ofCEO pay to the median pay of employees has been watched more closely in recent years, amid concerns about the widening wealth gap. (At the beginning of 2022, the top 1% of U.S. households controlled about 32% of the nation’s wealth, according to Federal Reserve data. Meanwhile, the bottom 50% of U.S. households collectively held 2.6% of the country’s wealth.)
Among the Virginia publicly traded companies with the highest paid top executives, median employee pay rose 0.8% from 2020 to 2021, while average CEO pay increased by about 5% during the same period, according to Equilar.
The CEO-employee pay ratio varies widely in Virginia. The lowest disparity between CEO pay and worker pay last year was at Freddie Mac (Federal Home Loan Mortgage Corp.), where the median worker pay was $154,483 and CEO Michael DeVito’s compensation totaled $443,032.
The highest CEO-worker pay gulf was at Richmond-based leaf tobacco supplier Universal Corp., where CEO George Freeman made $3.67 million last year, and the median worker pay was $1,928. (Universal’s workforce is largely composed of seasonal part-time laborers, many in developing countries.)
Yu of Equilar notes that the differences between CEO and employee compensation are inextricably tied to the types of industries being surveyed.
At retail companies, for example, Yu says, “you’re going to see lower median compensation, compared to those in the technology space.”
Nationally, CEOs of the 100 top-earning U.S. companies brought home 254 times more than the average worker in 2021, according to Equilar.
Raytheon Technologies Corp.’s missile and defense division has received the go-ahead from the Air Force to move beyond the prototype phase and continue development of a new hypersonic cruise missile weapon under a nearly $1 billion contract announced by the Pentagon Thursday.
The Hypersonic Attack Cruise Missile is an air-launched, maneuverable weapon propelled by a scramjet engine that allows it to travel up to five times the speed of sound. The HACM is designed to hold high-value targets at risk in contested environments from standoff distances, the Air Force said in a news release. Under the $985 million contract, Raytheon will design, develop, and ready the missile for integration with fighter aircraft. Work is expected to be complete by March 2027.
“HACM will provide our commanders with tactical flexibility to employ fighters to hold high-value, time-sensitive targets at risk while maintaining bombers for other strategic targets,” Air Force Chief of Staff Gen. Charles Q. Brown, Jr. said in a statement.
Raytheon and Boeing Co., both based in Arlington, and Bethesda, Maryland-based Lockhead Martin Corp. were awarded 15-month contracts in 2021 under the Air Force’s Southern Cross Integrated Flight Research Experimen (SCIFire) to develop air-breathing hypersonic cruise missile prototypes. The United States and Australia teamed up under SCIFiRE in 2020 for the prototype program. As part of the agreement, the HACM’s initial full-system test flights will be launched using Australian infrastructure.
Raytheon’s missile is powered by an engine developed by Falls Church-based Northrop Grumman Corp. A test flight of its weapon in July propelled it for more than 300 nautical miles and reached altitudes higher than 60,000 feet at speeds reaching greater than five times the speed of sound, the Defense Advanced Research Projects Agency said. DARPA is a partner with the Air Force on the project.
The U.S. has been scrambling to catch up with China and Russia in the race to develop hypersonic missiles. Russia last month said it had deployed three Kinzhal, or “Dagger,” missiles in a special military operation in Ukraine, Reuters reported. U.S. intelligence was caught by surprise when China tested hypersonic missiles around the globe in July 2021, according to the Financial Times.
Raytheon announced in June that it was moving its headquarters from Massachusetts to Virginia. It is the second-largest defense contractor in the world. That move followed a May announcement from Boeing that it was moving its headquarters from Chicago to the commonwealth.
Falls Church-based Northrop Grumman Corp.’s board of directors has appointed Roshan Roeder as corporate vice president and president of the Fortune 500 company’s defense systems sector.
Roeder currently serves as vice president and general manager of the airborne multifunction sensors division within the federal contractor’s missions systems sector. Roeder’s new role is effective Oct. 17. She succeeds Mary Petryszyn, who is retiring Jan. 13, 2023, Northrop Grumman announced in a news release Thursday.
“Roshan is a seasoned executive with extensive experience leading a broad spectrum of businesses,” Northrop Grumman CEO, Chair and President Kathy Warden said in a statement. “With her leadership, our defense systems businesses will continue to thrive as they deliver mission-critical capabilities for our customers.”
Warden also thanked Petryszyn for her decadelong career with Northrop Grumman.
“Mary’s unwavering commitment to our people, our customers and our culture is core to who she is and what she stands for,” Warden said. Petryszyn will continue as corporate vice president and report to Warden during the transition and until her retirement.
Roeder has spent more than two decades with Northrop Grumman and has led several of its businesses during that time. She has a bachelor’s degree in computer engineering from Virginia Tech University.
EDITOR’S NOTE: Monday’s launch was scrubbed by NASA shortly after 8:33 a.m. because of an engine issue.
Weather permitting, if the Artemis 1 moon mission launches from NASA’s Kennedy Space Center in Florida Monday morning as planned, it will be powered in part by the work of Virginia-based contractors.
The uncrewed flight test is the first step in a yearslong program to eventually return astronauts, including the first woman and person of color, to the moon in 2025, and one day, to Mars. Artemis I is expected to demonstrate the integrated performance of the Space Launch System (SLS) rocket, the Orion spacecraft and Kennedy’s launch systems. It is expected to travel more than 280,000 miles from Earth, and 40,000 miles beyond the moon, before returning home.
NASA Inspector General Paul Martin estimated in a November report that the agency will spend $93 billion on Artemis through fiscal 2025; costs for producing and operating a single SLS and Orion system for each of the first four missions was projected at $4.1 billion.
Northrop Grumman Corp.’s Lance Christopherson, who is based in Utah, will watch the flight from the space center. As program manager for booster integration, Christopherson leads the team that integrated the booster segments of the twin solid rocket boosters after arriving at the space center by rail in June 2020, assembling them on a mobile launch platform that took the SLS rocket from NASA’s iconic Vehicle Assembly Building to the launch pad.
The rocket boosters on the previous shuttle program were divided into four segments; the SLS rocket boosters have five each. They will provide 75% of the SLS rocket’s thrust at launch, accounting for 3.6 million pounds each — the U.S. space program’s most powerful rockets to date. Falls Church-based Northrop Grumman is expected to produce 35 booster segments, with upgrades, at a cost of $4.3 billion, according the NASA’s inspector general.
While those rocket launchers play a massive role, it’s a short-lived one; they drop away after 126 seconds into a mission.
“I could barely hold my breath that long,” Christopherson said in a phone interview with Virginia Business.
Christopherson’s work doesn’t end when the boosters fall away. There could be future tweaks and updates based on what the contractor has learned, and they will also gather data from the instrumentation on the boosters that could be used to revisit analytical models and improve hardware, he said.
“You could say the end of our mission is the booster separating but, unless Orion gets to the moon and does its thing out there and comes back and lands in the Pacific safely and we recover it, that is the total mission,” Christopherson said.
The Boeing Corp., which in May announced it would move its headquarters from Chicago to Arlington, is the lead contractor on the 38-story SLS core. Originally expected to launch four years ago, technical challenges led to delays and cost overruns, and Boeing has faced other stumbles with its Starliner space capsule and commercial airline business.
NASA Inspector General Paul Martin testified before Congress this year that Boeing exhibited “poor planning and poor execution” on the SLS project, miscalculating the scope of the project and experiencing welding problems and other issues. John Shannon, a Boeing vice president who oversees the SLS program, said the company faced infrastructure problems at a facility where NASA wanted it to build the rocket and blamed a supply chain that had “atrophied,” according to The Wall Street Journal.
Boeing’s contract for designing, building and testing the SLS is valued at about $12 billion. The contractor is working with Colorado-based United Launch Alliance on the Interim Cryogenic Propulsion Stage, which will propel Orion to the moon.
Another contractor involved in Monday’s launch includes Reston-based Science Applications International Corp. SAIC has received more than $500 million in contracts for safety and mission assurance, software independent verification and validation and engineering services for NASA, including for the Artemis program and is also involved with Artemis’ launching system, lunar gateway, the Orion crew vehicle and the Human Landing System.
Joe Poist, SAIC vice president of civil space and a former chief of staff for NASA’s Goddard Space Flight Center, told Virginia Business he’s confident that Monday’s launch will go well.
“As some wise person once told me, ‘No one remembers all the scrub launches. They remember a failed launch,” Poist said. “No matter how many you scrub, as long as you’re looking for success on the other side of it, then you’re in good shape.”
Sally Richardson, a senior program director with Falls Church-based Northrop Grumman, will also be looking to the other end of the Artemis I mission, including data gathered during the mission on radiation in the crew habitat. Richardson leads the program building the Habitation and Logistics Outpost (HALO) module, the pressurized crew module and docking port for NASA’s Gateway, a space station that will be in orbit around the moon and function as a multipurpose outpost and staging platform for lunar and deep space exploration missions.
HALO is expected to launch in later 2024 or 2025 from a Falcon Heavy rocket. Though it won’t launch as part of an Artemis mission, the HALO module will play a critical role, serving as a pressurized crew habitat and docking port for Orion and other vehicles. Northrop received a $935 million contract from NASA in 2021 for HALO. Its design is based on Northrop’s Cygnus spacecraft, which delivers supplies and equipment to the International Space Station.
“We’re doing a lot of research with the HALO module from the standpoint of radiation, to understand the environment for crew and to determine what is really required for these deep space missions long term,” Richardson said.
HALO completed its critical design review this month, which gives Northrop Grumman the green light to begin production, Richardson said. The contractor also hit another milestone this month when it completed an acceptance review of flight batteries in Japan.
“This is not only the first flight hardware for the HALO module, but it is the first flight hardware for the entire lunar
gateway,” she said.
HALO’s pressurized structure is being built in Italy by Thales Alenia Space. The company is completing hardware testing; Northrop Grumman expects delivery in summer 2023, Richardson said. Once delivered, the contractor can start outfitting for full build, which will occur in Arizona. Preliminary testing is being conducted in the company’s Dulles facility.
The federal contractor is also involved in other NASA space missions in support of the agency’s moon and Mars programs. In March, NASA ordered six more resupply missions to the International Space Station from Northrop Grumman as part of its Commercial Resupply Services-2 contracts, bringing its total up to 14.
With launch parties planned around the globe, there’s little doubt the world will be watching Monday, maybe breathlessly, as history unfolds. Given the magnitude of the day, and the culmination of the work it represents so far, Christopherson said he, too, just may find himself holding his breath, at least during those first 126 seconds after liftoff.
“I may not realize it, but I just might be,” he said.
The launch’s two-hour window opens at 8:33 a.m. EST and can be viewed on NASA’s website.
Northrop Grumman has received a $338 million contract from the Navy for continued integration and development of the Marine Corps’ H-1 helicopter fleet’s avionics systems and weapons.
Under the contract, the Falls Church-based Fortune 500 aerospace, defense and technology contractor will research alternatives to and investigate and document new capabilities and anomalies of H-1 avionics and weapons; develop, integrate and test systems; and identify maintenance and equipment to support the systems, the Pentagon said in a July 1 announcement.
The H-1 fleet includes the AH-1Z Viper and UH-1Y Venom light attack helicopters. The H-1 fleet began using Northrop Grumman mission computers in 1997, according to Lindsay McEwen, vice president of navigation, targeting and survivability for Northrop Grumman. The contractor provides the digital cockpit and mission computer to the airframes, and recently integrated the Link 16 network, allowing crews to share data and communicate with other aircraft and users on military networks, as well as the Joint Air-to-Ground Missile.
Work is expected to be complete by June 2027. Funds under the award will be obligated as individual orders are made, the announcement said. The contract, which is cost-plus-fixed-fee, firm-fixed-price and cost reimbursable indefinite-delivery/indefinite-quantity, was not competitively bid.
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