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After protests, CACI prevails on $5.7B Air Force IT contract
After rounds of protest from other bidders, Reston-based CACI International Inc. announced Tuesday that it will transform the Air Force’s IT service delivery for more than 800,000 airmen and Space Force guardians under a $5.7 billion contract. Enterprise Information Technology as a Service (EITaaS) Wave 1, an Air Force ini[...]
Intelsat-SES merger talks called off
Merger talks between McLean-based satellite operator Intelsat and Luxembourg-based competitor SES S.A. have been called off, SES said in a post on its website Thursday. The merger was anticipated to have created a $10 billion global business. SES confirmed March 29 that the companies had “engaged in discussions” about combining, but said at the time, […]
SAIC receives $1.3B Treasury contract
Reston-based Fortune 500 contractor Science Applications International Corp. (SAIC) will provide the U.S. Department of the Treasury with a range of cloud and professional services under a seven-year, $1.3 billion contract, the company announced Thursday. Dubbed “T-Cloud,” SAIC will deliver a shared-service cloud infrastructure model providing enterprise-wise efficiencies in access, contracting and security, SAIC said in [&[...]
RTX’s Raytheon lands $1.15B missiles contract
Arlington County-based Raytheon, a business unit of newly rebranded aerospace and defense contractor RTX, will produce Advanced Medium Range Air-to-Air Missiles for the U.S. Air Force and Navy as well as foreign militaries under a $1.15 billion contract announced by the Pentagon Tuesday. The contract includes missiles, the AMRAA[...]
Raytheon rebrands to RTX as part of business reorg
A year after moving its headquarters to Arlington County, Fortune 500 aerospace and defense contractor Raytheon Technologies Corp. has rebranded as RTX. The new name, launched to coincide with the Paris Air Show and the company’s 2023 investor meeting, comes as RTX consolidates its business units from four to three: aerosp[...]
GDIT receives $383M Navy contract
Falls Church-based General Dynamics Information Technology Inc. will help train more than 100,000 U.S. Navy and allied sailors on surface combat systems under a $383 million contract announced June 15. The contract, awarded by the Naval Surface Warfare Center Dahlgren on behalf of the service’s Surface Combat Systems Training Command, has a one-year base and […]
Amazon HQ2 opens to high expectations
Let the tech wizardry begin: Amazon.com Inc. held the grand opening and ribbon cutting for the first phase of HQ2, the ecommerce goliath’s $2.5 billion East Coast headquarters in Arlington County, on Thursday. Dignitaries in attendance included Gov. Glenn Youngkin, Arlington County Board Chair Christian Dorsey, JBG Smith Prope[...]
AWS reports it invested $51.9B in Va. from 2011-21
Amazon Web Services Inc. invested more than $51.9 billion in Virginia between 2011 and 2021, according to an economic impact statement released by the company Wednesday. That investment total includes capital and operational expenditures in Virginia, including Loudoun, Fairfax and Prince William counties, AWS said. During that s[...]
36 Va. companies make 2023 Fortune 1000 list
Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Released Monday, the Fortune 1000 […][...]
Cybercrime Inc.
The maddening thing is, the person in accounting did exactly what they were supposed to do after receiving an email purportedly from their chief financial officer asking them to transfer tens of thousands of dollars to a different account. “They called the CFO to make sure the email was accurate,” got the OK and made [&helli[...]
2,000 Amazon employees move into HQ2 during first week
About 2,000 employees moved into the first open tower at Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters in Arlington this week. Floors 1-14 of Merlin, one of Amazon’s two 22-story office towers in Metropolitan Park, the first phase of HQ2, opened Monday. The tech giant anticipates opening the remaining floors[...]
Alexandria’s QED Investors raises $925M for two new funds
Alexandria-based fintech venture capital firm QED Investors raised $925 million for two new funds, QED announced Tuesday. The funding comes from two capital commitments: a $650 million oversubscribed early stage fund and a $275 million early growth stage fund, according to a news release from QED, a key investor in San Francisco[...]
