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TAD DERISO PRESIDENT AND CEO, MID-ATLANTIC BROADBAND COMMUNITIES CORP., SOUTH BOSTON Deriso is the proverbial big fish in the small pond of South Boston, where MBC has made significant headway in connecting Southern Virginia to broadband internet service, working with Old Dominion Electric Cooperative and Virginia Tech, among others. Founded in 2004, MBC owns and […]
Torc Robotics expanding, creating 350 jobs in Montgomery County
Torc Robotics plans to invest $8.5 million and create 350 jobs in Montgomery County, not far from its current operation in the Blacksburg Industrial Park, Gov. Ralph Northam announced Wednesday. The company produces self-driving vehicles and was started in 2005 by a group of Virginia Tech students who were on a robotics team together. In […]
Leidos snags $292M FAA contract
Reston-based Fortune 500 federal contractor Leidos Holdings Inc. announced Tuesday that it was awarded a $292 million contract from the Federal Aviation Administration to design and develop a system to provide air traffic controllers with real-time access to essential weather, aeronautical and National Airspace System (NAS) information through a common display system. Work on the […]
Palo Alto Networks to acquire McLean tech firm for $265M
California-based cybersecurity powerhouse Palo Alto Networks announced Tuesday that it has entered into a definitive agreement to acquire The Crypsis Group, a McLean-based incident response, risk management and digital forensics consulting firm, in a $265 million, all-cash transaction. The firm’s CEO, Bret Padres, will join Palo Alto Networks. The Crypsis Group currently operates as part […][...]
Excella promotes five to senior leadership positions
Arlington-based tech company and federal contractor Excella has promoted five executives to more senior leadership positions. “Hiring and retaining exceptional Excellians, while creating meaningful solutions, is critical to our purpose and what we built Excella to do,” said Burton White, CEO and co-founder of Excella. “Each of these Excella leaders is instrumental to the growth of […][...]
Newport News-based ITA awarded $50M contract
Newport News-based defense contractor ITA International LLC was awarded a five-year, $50 million contract to consolidate and modernize the U.S. Air Force’s electromagnetic spectrum operations at Eglin Air Force Base in Florida, the company announced Tuesday. EMS includes an array of frequencies used for radios, GPS, cell phones and remotely controlled devices; previously used mainly […][...]
Leidos subsidiary to build NASA spacecraft under $253M contract
Dynetics, a subsidiary of Reston-based federal contractor Leidos, has started developing a spacecraft called the Autonomous Logistics Platform for All-Moon Cargo Access through a potential $253 million contract with NASA to develop human landing systems for the agency’s lunar mission by 2024, CNBC first reported Wednesday. NASA selected Dynetics, along with Blue Origin and SpaceX, […]
Chantilly IT company names VP solutions architecture
Chantilly-based information technology company DirectViz Solutions LLC announced Wednesday it has hired Luiz Felipe Breyer Palhano de Jesus as vice president of solutions architecture. Palhano most recently served as a principal systems and solutions architect for the BITS solution group with Arlington-based federal technology[...]
Wash.-based telecomm company buys Vienna satellite tech firm
Redmond, Washington-based mobile communications company Kymeta Corp. announced Tuesday it has acquired Vienna-based satellite technology company Lepton Global Solutions LLC. Financial terms of the transaction were not disclosed. Lepton will become a wholly owned subsidiary of Kymeta under the acquisition. Founded in 2013, Lepton provides satellite communication services to intelligence agencies, special operations commands and [&helli[...]
D.C. private equity firm sells Chantilly tech firm for $827M
Washington, D.C.-based private equity firm Arlington Capital Partners announced Wednesday it has agreed to sell Chantilly-based technology contractor Centauri to Houston-based KBR Inc. (a former Halliburton subsidiary) for $827 million. The acquisition will expand KBR’s presence in the military space, defense modernization and cybersecurity sectors, according to the engineering, procurement and construction company. “KBR’s acq[...]
LA-based tech company moves headquarters to Reston
Infrascale Inc., a cloud-based data protection company, announced Wednesday it has moved its headquarters from Los Angeles to Reston — where its leadership team is based. Infrascale’s C-suite leadership, including CEO Russell P. Reeder, Chief Financial Officer Rob Peterson, Chief Operating Officer Brian Kuhn and Chief People Officer Carolyn Kress, is based in Reston and have […]
Leidos lands potential $292.3M FAA contract
The Federal Aviation Administration has awarded Reston-based federal contractor Leidos a potential 15-year, $292.3 million contract to provide an enterprise-wide display system to replace multiple information display platforms installed at more than 300 U.S. airport facilities, according to an Aug. 13 System for Award Management (SAM) notice. Leidos will create the Enterprise Information Display System […][...]
