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Center for Innovative Technology names president, CEO
The Herndon-based Center for Innovative Technology (CIT) announced Friday it has promoted former state Secretary of Commerce and Trade Robert J. “Bob” Stolle as its new president and CEO, replacing Ed Albrigo. A not-for-profit corporation created in 1985 by the Virginia General Assembly, CIT functions as the state go[...]
Va. Small Business Financing Authority didn’t loan out $28M
The Virginia Small Business Financing Authority (VSBFA) disbursed only 8% of its available funds in 2018 and just 10% in 2019 for loans, grants and bonds to help small businesses — holding on to $28 million, according to a study released Monday by the Joint Legislative Audit & Review Commission (JLARC). A division of the […]
Va. sees fewer new COVID-19 cases, deaths last week
Virginia recorded 6,164 new COVID-19 cases and 57 fatalities from Sept. 8-14, bringing state totals to 134,571 cases and 2,743 deaths, according to the Virginia Department of Health. The state’s positivity rate is 7.2%, down from 7.7% last week. Several universities are reporting COVID-19 rates among students, faculty and staff members, although the universities are […]
State General Fund revenue down only 0.2% in August
Despite the pandemic, Gov. Ralph Northam announced Thursday that August General Fund revenue collections decreased only 0.2% compared to the same time last year. “Despite trying economic conditions, collections from payroll withholding and sales taxes remained steady,” Northam said in a statement. “We look forward to September’s receipts, which will provide more insight into Virginia’s […][...]
Northam eases COVID-19 restrictions in Hampton Roads
After more than six weeks, Gov. Ralph Northam eased COVID-19 restrictions in Hampton Roads localities Thursday, citing “significantly improved” health metrics. The region will join the rest of the state in Phase Three of the “Forward Virginia” plan, effective immediately. On July 31, the governor placed a ban on gatherings of more than 50 people, […]
Va. saw slight increase in jobless claims last week
Virginia saw a slight increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday — bringing the total number of initial claims filed since mid-March to 1.136 million, or nearly 28% of the commonwealth’s pre-pandemic payroll employment. For the week ending Sept. 5, 11,[...]
McLean firm wins $7.3M DARPA 5G security contract
McLean-based computer and network security company Kryptowire LLC won a four-year, $7.3 million contract to help the Defense Advanced Research Projects Agency (DARPA) conduct research and development services for 5G mobile network security, according to a Department of Defense statement released Tuesday. Under the contract, Kryptowire will work under DARPA’s Open, Programmable, Secure 5G (OPS-5G) […][...]
Accenture Federal Services wins $89.5M Air Force contract
The U.S. Air Force awarded Accenture Federal Services (AFS), an Arlington-based subsidiary of Irish Fortune Global 500 company Accenture, a potential five-year, $89.5 million contract to establish a cloud-based common infrastructure for the branch’s enterprise resource planning (ERP) systems, the company announced Wednesday. Under the contract, AFS will manage the existing information technology infrastructure and […][...]
Two Va. companies land spots on $5B Army contract
Herndon-based information technology company Iron Bow Technologies LLC and Gainesville-based computer manufacturer NCS Technologies Inc. secured spots on a $5 billion U.S. Army contract to provide technology products to the Army Computer Hardware Enterprise Software and Solutions (CHESS) office. “The CHESS team is excited about seeing the years of effort finally coming to fruition,” CHESS […][...]
White House science adviser to address research security
In the wake of the arrest last month of a University of Virginia researcher, White House science adviser Kelvin Droegemeier will speak with regional university researchers Thursday about research security in a webinar hosted by Virginia Commonwealth University. Haizhou Hu was preparing to board a flight to China at the Chicago O’Hare International Airport when […]
Northrop Grumman secures first phase of $85B Air Force ICBM contract
The U.S. Air Force awarded the first $13.3 billion phase of an expected $85 billion Ground-Based Strategic Deterrent (GBSD) contract to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp., the company announced Tuesday. Under the $13.3 billion engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program awarded Tuesday, Northrop […][...]
ManTech co-founder retires as chairman; president & CEO takes over board seat
Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, announced last week that co-founder George J. Pedersen has decided to retire as executive chairman and chairman of the board. President and CEO Kevin M. Phillips has been elected chairman of the board, and Pedersen will remain on the board as chairman […]
