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Booz Allen Hamilton launches $100M VC fund
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, [...]
Serco appoints defense VP as new CEO
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) on Tuesday announced that defense executive Tom Watson will be promoted to CEO, effective Sept. 1. Watson will replace David Dacquino, who is retiring as chief executive but will remain as chairman of the company’s board of directors in North America. Dacquino joined […]
Northrop Grumman lands $338M helicopter avionics contract
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 [...]
Raytheon moving global HQ to Arlington
Raytheon Technologies Corp. announced June 7 that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will make four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the wor[...]
Leidos withstands GDIT’s protest over $11.5B contract
The U.S. Government Accountability Office issued a decision earlier this month denying a protest filed by Falls Church-based General Dynamics Information Technology Inc. over an $11.5 billion defense contract won by another Fortune 500 contractor, Reston-based Leidos Inc. The Defense Information Systems Agency for Defense Enclav[...]
Valiant awarded $255M Air Force contract
Valiant Integrated Services LLC, a Herndon-based government contractor, has been awarded a 10-year, $255 million contract by the U.S. Air Force to provide F-16 international aircraft maintenance and pilot training to U.S. partner nation air forces, the company announced Thursday. The indefinite-delivery/indefinite-quantity contract consists of 100% foreign military sales and enables the company to provide […][...]
Northrop Grumman division lands $458M Navy contract
A division of Falls Church-based Northrop Grumman Corp. won a $458 million contract to support the Navy’s Columbia and Dreadnought Fleet Ballistic Missile Program, the U.S. Department of Defense announced Friday. Under the cost-plus-incentive-fee and cost-plus-fixed-fee contract, Northrop Grumman’s Marine Systems in Sunnyvale, California, will provide fiscal 2022 through 2026 shipyard field operations, program management, […][...]
McLean-based ID.me lays off 54 workers
McLean-based tech company ID.me Inc. has laid off 54 employees, months after the Internal Revenue Service — among other government agencies — said it would drop its plan to require taxpayers to submit to facial recognition via ID.me’s software. Fifty-four employees lost their jobs, according to the Worker Adjustment an[...]
Peraton nets $916M intelligence contract
Herndon-based Peraton Inc. has been selected for a seven-year contract valued at $916 million to provide integrated, enterprise-wide management services to the Office of the Director of National Intelligence, the company announced Tuesday. The task order includes communications, human capital, data analysis, knowledge management[...]
Leonardo DRS, Israeli company to merge
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, and Israel-based Rada Electronic Industries Ltd. have entered into a definitive agreement to merge and become a combined public company later this year, the contractors announced Tuesday. Rada will become a wholly-owned subsidiary of Leon[...]
Two govcons to merge, move HQ to NoVa
Colorado-based government contractor Vectrus Inc. and Mississippi-based The Vertex Co. will merge to form a company that will be based in Northern Virginia. Vectrus shareholders approved the all-stock merger, expected to close in the third quarter of 2022, on Wednesday. The combined company will be named V2X Inc. and will trade [...]
Amyx CFO to retire; new CFO named
Reston-based federal contractor Amyx Inc. has announced its chief financial officer Rosalind Kadasi will retire on July 1 and Ryan Marsden, her successor, will join the company June 13. Kadasi has been Amyx’s CFO since 2017 but has more than 20 years of executive experience leading finance, accounting and administration fo[...]
