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Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
New Arlington-based tech contractor names chief financial officer
Two Six Technologies Inc., a new national security technology provider based in Arlington, announced Wednesday it has hired Bob Kwaja as chief financial officer. The company was formed in February after an affiliate of global investment firm The Carlyle Group acquired IST Research and Two Six Labs. Among Two Six TechnologiesR[...]
Northrop Grumman wins missile defense contract worth up to $3.9B
Falls Church-based Northrop Grumman Corp. and partner Raytheon Missiles & Defense were awarded a Missile Defense Agency contract worth up to $3.93 billion to perform work on the U.S. ballistic missile defense system, the agency announced Tuesday. Part of an award of $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman and Bethesda, […]
Parsons Corp. lands $12.6B IT defense contract
Centreville-based defense contractor Parsons Corp. announced Tuesday that it has landed a 10-year information technology contract from the Defense Intelligence Agency worth a potential $12.6 billion. Under the Solutions for Information Technology Enterprise III (SITE III) contract. Parsons will deliver strategic, technical and program management guidance and support services to facilitate the operations and modernization […][...]
BWXT subsidiary chosen to develop microreactor design for DOD
Lynchburg-based BWXT Advanced Technologies LLC is one of two companies chosen to develop a final prototype design for a transportable advanced nuclear microreactor, the U.S. Department of Defense announced Monday. Along with Maryland’s X-energy LLC, BWXT was selected from a preliminary design competition and will continue developing its design under a Strategic Capabilities Office (SCO) […][...]
Va. Beach-based ADS wins $91.6M DOD contract
Virginia Beach-based Atlantic Diving Supply won a $91.6 million contract to support weapons system programs for the U.S. Air Force, Army, Marine Corps and Navy, the U.S. Department of Defense announced Friday. The equipment vendor won the contract from the DOD’s Defense Logistics Agency, which awarded ADS a $100 million, five-year contract earlier this month. […]
General Dynamics books $2.4B Navy contract to build 10th submarine
General Dynamics has been awarded a potential $2.4 billion contract option from the Navy to build a 10th Virginia-class submarine, the U.S. Department of Defense announced last week. The Fairfax-based company’s Electric Boat subsidiary in Connecticut will work with Huntington Ingalls Industries’ Newport News Shipbuilding on the project, which was added on to a December […]
CGI Federal names new president
Stephanie Mango, a 25-year employee at Fairfax County-based CGI Federal, has been promoted as its president, parent company CGI Inc. announced Monday. She replaces Tim Hurlebaus, who is taking on a new role as president of CGI’s U.S. commercial and state government operations. Hurlebaus, in turn, takes the place of Dave He[...]
Magellan Federal wins potential $2B DOD contract
Magellan Federal Inc., the Arlington-based subsidiary of Magellan Health, was awarded a Department of Defense contract worth up to $2 billion, the company announced Thursday. It will provide counseling services on military bases on the eastern half of the United States, as well as overseas installations in Europe and Africa. Magellan Federal first began offering […]
Herndon-based Peraton acquires mobile robot subsidiary
Herndon-based national security contractor Peraton Inc. announced Thursday it has acquired Remotec Inc. through its $3.4 billion cash purchase of Northrop Grumman’s integrated mission support and IT solutions business in February. Now branded as Peraton Remotec, the Tennessee-based subsidiary is a global leader in mobile robot systems for hazardous duty operations. Peraton also announced the […][...]
Herndon government contractor hires business development SVP
Herndon-based government contractor Unissant Inc. has rehired Macon Hardy as its senior vice president of business development, the company announced on Monday. Hardy previously worked for Unissant; in her role, she will focus on developing the firm’s work with the Defense Health Agency and Veterans Affairs. “We’re ver[...]
