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CIT announces $7M grant funding round
The Herndon-based Center for Innovative Technology (CIT) on Thursday opened the application process for $7 million in grant funds from its new Commonwealth Commercialization Fund, focused on promoting innovation and technology commercialization initiatives. The fund started six months ago. This round will provide grants up to $100,000 to support companies’ commercialization and market entry goals. […][...]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any […][...]
Booz Allen demos in-flight AI algorithm for Air Force
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it demoed the use of an in-flight artificial intelligence (AI) algorithm for the U.S. Air Force Air Combat Command’s 9th Reconnaissance Wing U-2 Federal Laboratory. This marks the first time that a pilot has teamed up with AI to successfully complete a […]
Leidos subsidiary submits lunar lander proposal to NASA
Dynetics, a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., announced Wednesday it has submitted its proposal for the Human Landing System (HLS) that is planned to take the first woman and next man to the man’s surface for NASA’s Artemis Program by 2024. In late April, Dynetics was one of […]
Initial jobless claims jumped 64.3% last week
The number of initial jobless claims filed last week jumped a staggering 64.3% to more than 19,000, according to Virginia Employment Commission data released Thursday. This is the highest number of initial claims reported since August 2020. For the week ending Jan. 2, 19,530 Virginians filed initial claims for unemployment, an i[...]
Sentara announces $10M community health investment
Norfolk-based Sentara Healthcare announced Thursday a $10 million investment to be split among grants to local universities as well as public health and health equity improvement initiatives. The Sentara Healthier Communities Fund will be disbursed during a two-year period among Sentara’s partner universities, including Old Dominion University and Norfolk State University; as well as Eastern […][...]
Three Va. universities join Cybersecurity Manufacturing Innovation Institute
Virginia Tech announced Thursday it has been named a managing member of the Cybersecurity Manufacturing Innovation Institute (CyManII), an $111 million public-private partnership led by the University of Texas at San Antonio. George Mason University and Virginia Commonwealth University will also participate in the institute. CyManII will enter into a five-year agreement with the U.S. […]
Amazon makes $340M commitment to Arlington affordable housing
Amazon.com Inc. announced Wednesday that it is committing nearly $340 million to affordable housing efforts in Arlington, where the e-commerce giant is establishing its $2.5 billion East Coast HQ2 headquarters. This is part of the company’s $2 billion commitment to affordable housing, the Housing Equity Fund, which was announced Wednesday. The remaining funding will go […]
Md. cybersecurity company acquires Fairfax company’s product line
Columbia, Maryland-based cybersecurity company Owl Cyber Defense Solutions LLC announced Tuesday it has acquired Fairfax-based Trident’s Assured Collaboration Systems (ACS) product line. Financial terms of the acquisition were not disclosed. The ACS product line includes voice over IP, video teleconference, cross domain solution and full-motion video filtering capabilities. The acquisition adds network defense services to […][...]
Va. National Guard dispatched to U.S. Capitol, under siege
Updated, 8:45 a.m. Jan. 7 Gov. Ralph Northam declared a state of emergency in Virginia Wednesday evening and ordered a 6 p.m. to 6 a.m. curfew for Alexandria and Arlington County at the localities’ request, after crowds of supporters of President Donald Trump breached and took over the U.S. House of Representatives and Sen[...]
La.-based health care company buys two Va. practices
Shreveport, Louisiana-based Seaside Healthcare LLC announced Tuesday it has acquired two Virginia mental health care practices: Chesterfield-based Simple Intervention and Hopewell-based Second Chances Comprehensive Services LLC. Financial terms of the acquisitions were not disclosed. Both transactions were part of Seaside Healthcare’s plan to expand in Virginia. Brandon and Kenra Hudson, co-founders and owners of Simple […][...]
Herndon company awarded intelligence contract
Herndon- and Seattle-based global monitoring company BlackSky announced Wednesday it was awarded a contract from the Intelligence Advanced Research Projects Activity (IARPA). The company declined to release the amount awarded from the contract. The IARPA leads research programs for the U.S. Intelligence community. BlackSky will work to develop IARPA’s Space-based Machine Automated Recognition Technique (SMART) […][...]
