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Four Va. localities earn Main Street designation
Gov. Ralph Northam announced Wednesday that the towns of Cape Charles, Onancock, Tappahannock and Tazewell have joined the Virginia Main Street Program, which, through the Department of Housing and Community Development (DHCD), provides services to strengthen downtown communities. Designated towns must participate in an application process to receive services including market analysis, marketplace development, capacity […][...]
Va. hotel revenues drop again
Following a small improvement associated with the Labor Day holiday weekend, Virginia hotels saw a steep decline in revenues last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 6 through Sept. 13, hotel revenues decreased by 48% […]
Va. initial jobless claims slightly drop last week
Virginia saw a slight decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of ongoing claims has dropped to 50% from the May 16 filing week peak, when 403,557 Virginians filed for unemployment. For the week ending Sept. 12, 10,100 Virginians filed initia[...]
Northrop Grumman lands $298M Space Force contract
The U.S. Space Force (USSF) awarded Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. a $298 million contract to help the agency develop hardware and software for a new military satellite communications system, the Department of Defense announced Wednesday. Under the contract, Northrop Grumman will build a payload to support the Space and Missile […]
HUD awards Fairfax firm $42M contract
The U.S. Department of Housing and Urban Development awarded Fairfax-based tech contractor Pyramid Systems a two-year, $42 million contract to migrate loan processing system applications to cloud computing infrastructure designed for government use, the company announced Wednesday. Pyramid Systems will use Salesforce to restructure existing software code for the Federal Housing Administration’s (FHA) legacy information […][...]
Tysons software company converts $425M cash holdings to bitcoin
The CEO of Tysons-based business software company MicroStrategy Inc., Michael Saylor announced Tuesday that the company has now purchased $425 million worth of bitcoin. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies to use […]
Tysons contactless delivery tech company buys Ind.-based firm
Tysons-based startup HomeValet, which develops technology for contactless deliveries, announced Wednesday it has acquired Evansville, Indiana-based Evolve Engineering LLC, which focuses on appliance engineering. Terms of the transaction were not disclosed. “Envolve Engineering’s team has had a hand in developing home appliance products for some of the largest refrigeration brands in the industry,” Jack Simms, […][...]
Perspecta lands $98.4M Education Dept. contract
The U.S. Department of Education awarded Chantilly-based federal contractor Perspecta Inc. a three-year, $98.4 million contract to help the agency manage inquiries about federal scholarships and other forms of academic financial assistance though an omni-channel contact center. Perspecta will support the Office of Federal Student Aid (FSA) by operating the Federal Student Aid Information Center […][...]
Arlington contractor wins $450M DHS purchase agreement
The Department of Homeland Security (DHS) awarded Arlington-based federal technology contractor CACI International Inc. a one-time, $450 million blanket purchase agreement to provide desktop support services to the agency’s headquarters, the company announced Tuesday. Under the contract, CACI will provide enterprise technology to sustain and administer IT systems, which, according to the company, will increase […][...]
Academy launched to help 20 NoVa tech firms pivot for COVID-19
McLean-based Amplifier Advisors and a group of university, government, corporate and community partners on Tuesday announced the launch of the Tandem Product Academy, which will assist a cohort of 20 Northern Virginia tech companies to pivot their business models to respond to the COVID-19 economy. The four-month program, set to start on Oct. 21, is […]
Va. attorney general secures $15.3M settlement for former ITT Tech students
Virginia Attorney General Mark Herring secured an agreement to obtain $15.3 million in debt relief for at least 1,840 former ITT Tech students in Virginia as part of a settlement including 47 additional attorneys general and the federal Consumer Financial Protection Bureau, his office announced Tuesday. The entire settlement is approximately $330 million for 35,000 […]
Reston federal contractor wins $89M Army contract
Reston-based federal contractor NCI Information Systems Inc. announced Tuesday it has won a two-year, $89 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to provide IT services for its new Secure Admin Operating Facility (SAOF) at Fort Belvoir. Under the contract, NCI will provide full IT and audiovisual engineering services to enhance […]
