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Babel Street acquires text analysis platform
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December […]
December 2022 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Nov. 14 to Dec. 14, 2022, included a Virginia Business scoop about a restaurant on the culture-war frontlines that became a national news story. 1 | Richmond restaurant refuses service to conservative Christian group Metzger Bar & Butchery canceled The Family Foundation’s reservation, citing the […]
General Dynamics’ Electric Boat lands $5.1B submarine contract
General Dynamics Corp.’s Groton, Connecticut-based Electric Boat Corp. has received a $5.1 billion contract modification for the Columbia-class ballistic-missile submarine program, the Pentagon announced Wednesday. The contract includes missile long-lead material and missile tube manufacturing, advance procurement and construction, material procurement, production backup, and planned equipme[...]
Leidos receives $334M Air Force hypersonics contract
Reston-based Leidos Inc. will help the Air Force develop its Mayhem hypersonic system under a $334 million contract, the Fortune 500 contractor announced Friday. Under the contract, Leidos will assist the U.S. Air Force Research Laboratory in developing the Expendable Hypersonic Multi-mission ISR (intelligence, surveillance and reconnaissance) and Strike Program, known as Mayhem. The system [&hell[...]
CACI, Peraton land $2.2B defense contracts
Reston-based Fortune 500 federal contractor CACI International Inc. and a subsidiary of Herndon-based government contractor Peraton Inc. were awarded parallel contracts each valued at more than $2.2 billion to perform background investigations for the Defense Counterintelligence and Security Agency (DCSA), the Pentagon announced Thursday. The single-award, firm-fixed-price, indefinite-delivery/ind[...]
Reston-based Octo to be acquired by IBM
Reston-based Octo is being acquired by IBM and its 1,500 employees will become part of IBM Consulting’s U.S. public and federal market arm. Terms of the deal were not disclosed in a news release Thursday. IBM is acquiring the company from Arlington Capital Partners and the deal is expected to close by the end of […]
Bechtel to build Intel’s Ohio semiconductor plant
Reston-based Bechtel Corp. has been selected to design and build the first phase of Intel Corp.’s $20 billion semiconductor manufacturing facility near Columbus, Ohio, a project that will include as much steel as eight Eiffel Towers. The work will include a total 2.5 million square feet, 600,000 square feet of which will be cleanrooms, according […]
SAIC wins $171M IT contract
Reston-based Fortune 500 contractor Science Applications International Corp. has received an IT contract valued up to $151 million from the U.S. Transportation Command, the Pentagon announced Thursday. Under the contract, SAIC will manage and support operations and modernization of the command’s IT systems and applications. The work includes classified and unclassified programs on multiple [...]
Noblis defense unit receives $187M Navy contract
A subsidiary of Reston-based Noblis Inc. has received a contract worth up to $187 million to provide command, control, communications, computers, intelligence, surveillance and reconnaissance engineering services to the Navy, according to a news release. Noblis’ mission solutions for defense subsidiary will provide end-to-end engineering services to the Naval Information Warfare Center Pacif[...]
Fairfax solar/roofing contractor aims to add 400+ jobs
McLean-based solar energy and roofing contractor SmartRoof is relocating to Reston, with plans to add 410 jobs during the next five years, Gov. Glenn Youngkin announced Monday. Founded in 2006, SmartRoof is a residential and commercial roofing contractor that also offers solar energy systems. It serves customers in Northern Virginia, Maryland, Washington, D.C., Eastern Pennsylvania, […]
SAIC receives $757M Army IT contract
Reston-based Fortune 500 contractor Science Applications International Corp. has received a $757 million contract to continue providing software development and management for the Army’s Enterprise Service Desk, the company announced Monday. Under the contract, SAIC will continue existing operations, optimize service delivery processes according to the service’s management framework, a[...]
LookingGlass appoints former CIA officer to advisory board
Reston-based cybersecurity contractor LookingGlass Cyber Solutions Inc. announced Monday that it appointed former CIA officer William T. “Terry” Burruss to its advisory board. Burruss is a retired senior intelligence service officer and was most recently deputy chief of the Center for Cyber Intelligence in the CIA’s Directorate of Digital Innovation. He oversaw intelligence collection, a[...]
