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BAE Systems has a big week
Arlington-based defense company BAE Systems Inc. (a subsidiary of United Kingdom-based BAE Systems plc) had a big week for federal awards — landing three major contracts with the U.S. Navy, U.S. Air Force and U.S. Marine Corps totaling more than $221 million. On Thursday, the U.S. Department of Defense announced the Navy had awarded BAE […]
SAIC CFO announces retirement
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Friday that Chief Financial Officer Charles A. Mathis will retire on Jan. 29, 2021. Mathis joined the company in November 2016 as executive vice president and CFO. He will remain with the company through fiscal year 2021, while the company [...]
McLean company lands $896M Navy contract
The U.S. Navy awarded McLean-based defense contractor Alion Science and Technology Corp. an $896 million contract to provide an integrated program to deliver a multidomain live, virtual and constructive training platform. The contract was awarded through the Naval Sea Systems Command (NAVSEA) SeaPort-NxG multiple award contract, with a one-year base period and four option years. […]
CACI International acquires Mont.-based aerospace company
Arlington-based federal technology contractor CACI International Inc. announced Wednesday it has acquired Belgrade, Montana-based aerospace company Ascent Vision Technologies LLC (AVT). A transaction amount was not disclosed. Founded in 1962, CACI specializes in enterprise and mission technology. The company has approximately 23,000 employees and is on the Fortune 1000 list. AVT provides technology services that […][...]
UPDATE: House and Senate Democrats, governor roll out special session priorities
Updated, Aug. 14 House of Delegates Speaker Eileen Filler-Corn rolled out the House Democratic Caucus’ legislative priorities for the Aug. 18 special session, a slate of coronavirus-related measures and law enforcement reforms. Filler-Corn, D-Fairfax, announced in a news release Thursday that the following COVID-19 legisla[...]
Feds award $13.9M in grants to capitalize Va. small business loans
The U.S. Department of Commerce’s Economic Development Administration has awarded $13.9 million in CARES Act grants that will let city, state and regional governments in Virginia administer revolving loan funds (RLF) to assist small businesses, the department announced Thursday. According to a news release, the Virginia Small Business Financing Authority will receive a $10.2 million […][...]
Va. initial jobless claims dropped 46% last week
Initial unemployment claims in Virginia fell by 46% last week, according to a Thursday release from the Virginia Employment Commission. More than 13,000 Virginians filed initial jobless claims last week — a decrease of more than 10,000 claims from the previous week, according to a VEC statement released Thursday. For the first time since the […]
Two Va. companies included in $165.1M Army, Navy contract
Two Virginia-based companies were awarded parts of a $165.1 million contract to provide program management and technical services for the U.S. Army and Navy’s assault craft, submarines and surface ships. A total of five companies will work on the contract. Virginia Beach-based QED Systems Inc. was awarded $30.4 million and Arlington-based Gibbs & Cox was […]
Arlington defense contractor wins $62M Navy contract
The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. a $62 million contract to supply 118 motor control panels for the Mark 41 Vertical Launching System (VLS), which is used by the Army and international allies. Under the contract, Leonardo DRS’s airborne and intelligence systems business units will p[...]
General Dynamics wins $428.2M Army contract
The U.S. Army awarded Reston-based government contractor General Dynamics Corp.’s land systems division a five-year contract worth up to $428.2 million to perform maintenance work on the Army’s Stryker combat vehicles, the U.S. Department of Defense announced Monday. Under the contract, General Dynamics will provide equipment training, maintenance and fielding services, according to the DoD. […][...]
State awards $278K to COVID-19 economic recovery projects
Gov. Ralph Northam announced Tuesday that the state has awarded $278,000 among 18 economic revitalization projects in Virginia as part of the state’s COVID-19 economic recovery plan. “Downtown districts are the lifeblood of our communities and our local economies and they need our support now more than ever,” Northam said in a statement. “Main Street […]
Leidos lands $649M Army contract
The U.S. Army awarded Reston-based federal contractor Leidos a $649 million contract to provide operations and support services to the Special Operations Command’s (SOCOM) Tactical Airborne Multi-Sensor Platforms mission, the company announced Monday. The one-year contract (with four one-year option periods) was awarded through the U.S. Army’s Responsive Strategic Sourcing for Services. Under the contract, […][...]
