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Reston-based Babel Street names new CEO, CFO
Reston-based Babel Street Inc., a web and social media monitoring company, has named a new CEO and chief financial officer, according to a news release. Michael Southworth succeeds Babel Street founder and CEO Jeff Chapman, who has been named vice chairman of the company’s board of directors. Brian Daum has joined the com[...]
CACI receives $258M task order to continue DOD work
Reston-based Fortune 500 contractor CACI International Inc. has received a $258 million task order for expansion and continued modernization of the Department of Defenses’ business systems, according to a news release. The award falls under a Defense Logistics Agency’s J6 Enterprise Technology Services indefinite d[...]
New SVP for HR joins The Branch Group
Roanoke-based The Branch Group Inc. has hired Tina Pfalzgraf as senior vice president for human resources, the company announced March 28. Pfalzgraf’s first day was Monday. She will be responsible for leading human resource initiatives for the company, and will serve on its executive leadership team. Pfalzgraf has more tha[...]
Dominion Energy solar, storage expansion projects approved
Dominion Energy Virginia has gotten the go-ahead for 15 new solar and energy storage projects that are expected to increase the typical residential customer’s monthly bill by $1.13. The Virginia State Corporation Commission approved several projects Tuesday that will provide nearly 1,000 megawatts of carbon-free electricit[...]
Newport News Shipbuilding, steelworkers union ratify new labor contract
Members of United Steelworkers on Tuesday ratified a new, five-year labor contract with Newport News Shipbuilding. United Steelworkers Local 8888 represents more than 10,000 shipbuilders at the Newport News shipyard, the country’s only manufacturer of nuclear-powered aircraft carriers. Terms of the new contract will remain[...]
Parsons Corp. completes acqusition of Colo.-based aerospace firm for $300M
Centreville-based defense contractor Parsons Corp. announced late last week that it has completed its acquisition of Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. The acquisition was first announced in late October — marking Parsons’ fourth acquisition since October 2018. BSTG provides services for satellite operations, ground system […][...]
Md.-based contractor closes on DynCorp International acquisition
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International. Financial terms of the deal, originally announced on Sept. 24, were not disclosed. The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement. “The addition of DynCorp International […][...]
Arlington-based Armed Forces Services Corp. rebrands to Magellan Federal
Arlington-based Armed Forces Services Corp. has rebranded to Magellan Federal. A subsidiary of Phoenix-based managed health care company Magellan Health Inc., Magellan Federal is a military-focused provider of health care, human services and pharmacy solutions. Magellan Healthcare, the health care business unit of Magellan Health Inc., acquired AFSC as a wholly-owned subsidiary in 2016. Since […][...]
N.Y.-based contractor buys Ashburn tech company
Albany, New York-based tech government contractor GCOM announced Monday it has acquired Ashburn-based managed services provider 20/20 Teknology. Financial terms of the deal were not disclosed. 20/20 Teknology specializes in virtual communications, IT infrastructure and managed services, while GCOM provides digital engagement systems and government IT programs. The acquisition will expand GCOM’s offerings for its […][...]
Spotify acquires Graham Holdings Co. business, Megaphone, for $235M
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company Megaphone for $235 million, the company announced Tuesday. Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham, […][...]
CarLotz names chief commercial officer, general counsel
Chesterfield County-based CarLotz Inc., a consignment dealer of used cars, announced Tuesday it has hired Becca Polak as the company’s inaugural chief commercial officer and general counsel, effective Oct. 30. Polak joins CarLotz — which in late October announced plans to go public and expand nationwide — from Carmel, In[...]
Ill.-based company to acquire Madison County-based life sciences consulting firm
Western Springs, Illinois-based consulting company The Planet Group, a MidOcean Partners portfolio company, announced Thursday it has entered into an agreement to acquire Rochelle-based life sciences management consulting firm NDA Partners. Financial terms of the acquisition were not disclosed. This marks The Planet Group’s fourth acquisition. Founded in 2003, NDA Partners provides consulting services for […][...]
