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275 Va. companies make 2023 Inc. 5000 list
This year, 275 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, which Inc. magazine released Tuesday. Ranking at No. 34 overall, Goldschmitt and Associates LLC was the highest-ranking Virginia companies on the list. Founded in 1998, the Leesburg-based information te[...]
Why ChatGPT just might save the humanities
Not surprisingly, the release of ChatGPT has produced a host of concerns about its potentially harmful effects on society. In higher education, commonly cited concerns center on threats to academic integrity, particularly the worry that students may soon depend on generative AI to do their thinking and writing. In response to th[...]
ManTech to acquire Definitive Logic
ManTech International Corp. on Tuesday signed an agreement to acquire Arlington County-based Definitive Logic in a deal that will add 330 employees to the Herndon-based federal contractor‘s workforce. Financial terms of the deal were not disclosed. Definitive Logic provides digital transformation consulting services and te[...]
Nanotech company to invest $2.9M in C-ville expansion
Laser Thermal, a nanotechnology company spun out of the University of Virginia, will spend $2.9 million and add 28 jobs at its manufacturing, research and development facility in Charlottesville, Gov. Glenn Youngkin announced Monday. The company provides testing services to companies wanting to understand thermal properties at t[...]
Microsoft Federal sees leadership change
Microsoft Corp.’s federal arm has new leadership, after its former president, Rick Wagner, left the company to pursue “new opportunities.” Wagner had run Microsoft Federal, now based in Rosslyn, since 2020. Candice Ling announced in a LinkedIn post this week that she had accepted his former job. Microsoft’[...]
Va. semiconductor alliance powers forward
Virginia’s initiative to become a bigger part of the country’s burgeoning semiconductor chip industry charged forward Tuesday with the public launch of an alliance intended to unite academia and businesses in developing talent and establishing manufacturing and research facilities. Announced in April by Gov. Glenn Yo[...]
Cloud, cyber company to establish HQ in Loudoun
Fortreum LLC, a cloud-computing and cybersecurity firm, is establishing its headquarters in Loudoun County and creating 53 jobs, Gov. Glenn Youngkin announced Thursday. The company, launched in 2021, provides cybersecurity and cloud support with an emphasis on regulatory compliance and technical validations, for businesses operating in the public and private sectors. Fortreum expects to invest […][...]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
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[...]
