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SAIC gets $84.8M Navy contract modification
The U.S. Navy awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) an $84.8 million contract modification to provide torpedo equipment and support services to the military branch as well as the governments of Australia and Taiwan, the Department of Defense announced Friday. The contract will cover the fourth option year of the […]
Vienna-based defense contractor wins $77.6M Air Force contract
The U.S. Air Force awarded Vienna-based Trace Systems a $77.6 million task order to work on the branch’s network and data sharing environment for military and mission partners, the defense contractor announced Friday. Under the contract, Trace Systems will engineer an information technology network and applications, develop software and provide technical services for the SABRE […]
Northrop Grumman enters solar deal with Dominion Energy
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. is contracting with Richmond-based Dominion Energy Inc. to purchase solar energy to offset 100% of Northrop Grumman’s manufacturing and office operations in the commonwealth. The power will be generated from the 62.5-megawatt Madison Solar generating facility in Orange County, which Dominion announced it has acquired from […][...]
Washington Football Team names president
The Washington Football team announced Monday that it has appointed Jason Wright as president of the Ashburn-based National Football League team. He is the NFL’s first Black team president. The former professional running back will oversee the organization’s business divisions, including operations, finance, sales an[...]
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. […]
T-Mobile invests $30M to relocate customer center to Henrico
T-Mobile US Inc. will invest $30 million to relocate one of its customer experience centers to the former Sam’s Club on Laburnum Avenue in Henrico County, creating up to 500 jobs, Gov. Ralph Northam announced Friday. “T-Mobile has been a valued employer and partner to the commonwealth for many years and we are proud that […]
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 […][...]
SEC charges Herndon-based tech company, CEO with fraud
The Securities and Exchange Commission announced charges Thursday against Herndon-based Kelvin Boon LLC/Boon.Tech and its CEO, Rajesh Pavithran, for fraud and registration violations in connection with a $5 million initial coin offering of digital asset securities. Without admitting or denying the SEC’s findings, Pavithran and his company agreed to settle the charges by consenting to […]
10 Va. companies graduate from VEDP’s export trade program
Gov. Ralph Northam announced Thursday that 10 Virginia companies have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program, which now has more than 300 graduated companies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During […][...]
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 […]
