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Leidos lands $987M Air Force contract
Leidos has won an up to $987 million Air Force contract to provide sustainment support for F-16 Foreign Military Sales customers, the Reston-based Fortune 500 federal contractor announced Thursday. The F-16 Fighting Falcon is a supersonic multirole fighter aircraft used for air-to-air combat and air-to-surface attack. General Dynamics initially developed the F-16 before selling its […]
Volkswagen’s U.S. subsidiary names new president and CEO
Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in September 2022, […]
Avionics manufacturer will invest $5M on Reston office and R&D facility
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&h[...]
GD subsidiary in Norfolk wins potential $123.3M contract
General Dynamics NASSCO, a Norfolk subsidiary of Reston aerospace and defense giant General Dynamics, was awarded a U.S. Navy contract worth up to $123.3 million last week for maintenance, modernization and repair of the USS Porter destroyer during fiscal 2025. The base amount of the firm fixed price contract to General Dynamics NASSCO-Norfolk is $686,843. The contract […]
Leidos wins $331M Army IT contract
The U.S. Army has awarded a $331 million IT contract to Leidos to modernize its network, the Reston-based Fortune 500 federal contractor announced Monday. The Army Program Executive Office for Command, Control, Communications and Network (PEO C3N), formerly known as the PEO C3T, awarded the contract, which has a one-year base period of performance with […]
Three Va. CEOs make world’s most powerful women list
Three Virginia CEOs made Fortune‘s 2024 list of the world’s 100 Most Powerful Women in business, which the media company released Wednesday. Kathy J. Warden, chair, president and CEO of Falls Church-based Fortune 500 defense contractor Northrop Grumman ranked highest among the trio of Virginia leaders, taking the No. 25 spot — a drop from […]
CACI strikes $1.27B deal to buy RF electronics provider
CACI International has entered into a $1.275 billion definitive agreement to acquire Azure Summit Technology, the Reston-based Fortune 1000 government contractor announced Monday. Based in Fairfax and founded in 2007, Azure Summit develops high-performance radio frequency (RF) hardware and software for the U.S. Department of Defense. Pending regulatory approval, the all-cash deal is expected to [...]
Peraton taps new chairman, president and CEO
Stu Shea, Peraton’s chairman, president and CEO, has stepped down, and Steve Schorer has been named to succeed him at the Reston-based federal contractor owned by Veritas Capital. According to Tuesday’s announcement, Schorer will start Sept. 9. “On behalf of Peraton and Veritas, I’d like to thank Stu for his many years of service and […]
Real Estate 2024: CHRIS CLEMENTE
Clemente is the son-in-law of NVR founder Dwight Schar, who is a co-owner of Comstock Holdings and Comstock Partners with Clemente. Founded in 1985, the privately held Comstock is among the mid-Atlantic’s largest developers of mixed-use and transit-oriented developments. Comstock’s 2023 revenue was $44.7 million, with a managed portfolio of 49 properties. It‘s best known [&hellip[...]
Watch this space
To understand office vacancy rates in Northern Virginia, Art Greenberg, the Washington, D.C.-based vice chairman for tenant advisory firm Savills Inc., employs the turkey sandwich test. In short, he explains, today’s workers want an office building where they can walk a block or two and find a half-dozen places to get a turkey sandwich for […]
Leidos wins three contracts, worth up to $603M combined
Headquartered in Reston, Fortune 500 contractor Leidos announced last week it has won three government contracts — a $191 million Army contract, an up to $86 million National Geospatial-Intelligence Agency contract and an up to $326.5 million National Institutes of Health contract. Under the $191 million contract, Leidos will provide integrated lifecycle software and management […]
265 Va. companies make 2024 Inc. 5000 list
This year, 265 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, released Tuesday by Inc. magazine. Ranking at No. 53 overall, Ashburn IT services firm Blu Omega, a woman-owned small business founded in 2020, was the highest-ranking Virginia company on the list. Blu Omega’s clients include federal agencies […]
