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WSJ reports Axios is eyeing merger with the Athletic
Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]
Fairfax company wins $484M DOD contract
On Tuesday, Fairfax-based software company Salient CRGT Inc. announced it had been awarded the first of four options on a potential $482 million award supporting the U.S. Department of Defense’s (DOD) specialized information technology systems and warfighter networks. The five-year, single-award contract is named SANDBAR and was initially awarded in September 2019 as a competitive […]
Data center air systems manufacturer announces $36M plant in Botetourt
Munters Group AB, a Sweden-based manufacturer of air treatment and cooling systems for data centers and other industrial applications, will invest $36 million to relocate its Buena Vista operations to Botetourt County, company and county officials announced Thursday. Munters will begin construction in April on a 365,000-square-f[...]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
SpaceLink establishes HQ in Tysons
Satellite telecommunications company SpaceLink, a subsidiary of Australian aerospace and defense contractor Electro Optic Systems, has established its headquarters in Tysons. SpaceLink is building a space relay network of satellites in medium Earth orbit that will provide secure, continuous, high-bandwidth communications between its clients’ low Earth orbit spacecraft and the ground. Clients could include commercial […][...]
Virginia Tech replaces economic development office
On Wednesday, Virginia Tech announced that it was replacing its Office of Economic Development with a new Center for Economic and Community Engagement, as part of its commitment to improving the lives of others. The new university-level center will engage with internal and external partners to drive economic growth, address workforce needs and interact with […]
Liberty University hires Alaska GOP chair
Liberty University has hired the Alaska Republican Party’s chairman, the Rev. Glenn Clary, for the newly created position of vice president of strategic partnerships and alliances, the Lynchburg-based Christian university announced Tuesday. Clary became chairman of Alaska’s state GOP in 2018. He also has worked as a [...]
Report: Snyder to purchase full control of Washington Football Team
Daniel Snyder is poised to purchase the remaining 40.5% of the Washington Football Team, which would give him full control of the NFL franchise, according to reporting by The New York Times on Wednesday. The Ashburn-based NFL’s team owners are expected to approve a waiver next week that would allow Snyder to take on an [&h[...]
Omnispace, Lockheed Martin join forces for space-based 5G network
Tysons-based satellite telecommunications company Omnispace LLC has entered into a strategic alliance with Lockheed Martin Corp. to explore jointly developing a space-based 5G global network. “Omnispace is fully committed to the vision of creating a new global communications platform that powers 5G connectivity directly to[...]
Parsons Corp. lands $12.6B IT defense contract
Centreville-based defense contractor Parsons Corp. announced Tuesday that it has landed a 10-year information technology contract from the Defense Intelligence Agency worth a potential $12.6 billion. Under the Solutions for Information Technology Enterprise III (SITE III) contract. Parsons will deliver strategic, technical and program management guidance and support services to facilitate the operations and modernization […][...]
Dominion Energy’s Tom Farrell to retire from Altria board
Dominion Energy Inc. Executive Chair Thomas F. Farrell II is retiring from Altria Group Inc.’s board of directors, which he has chaired since April 2020. Farrell has served on the Henrico County-based tobacco product manufacturer’s board of directors since 2008. He will retire from the Altria board when his term ends in [...]
Manassas IT consultant acquires N.C. tech firm
Manassas IT consulting services provider ARG Inc. has acquired North Carolina-based tech advisory firm NextWave Technology Providers, ARG announced last week. The financial terms of the deal were not disclosed. Adam Carreno, NextWave’s principal and founder, will join ARG as a principal. Before founding NextWave in 2020, Carreno was a cloud and technology specialist at […]
