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MicroStrategy to increase bitcoin holdings by $550M
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it will increase its bitcoin holdings by as much as $550 million following a convertible debt offering. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies […]
Va. hotel revenue is still down by more than 50% from 2019
Despite the fast-approaching holiday season, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. While COVID-19 cases spiked during the week of Nov. 29 through Dec. 5, hotel revenues in Virginia dropped by […]
Amherst County disburses $450K to 48 local small businesses
Amherst County announced Tuesday it has disbursed $450,000 in CARES Act funding to 48 area businesses that were affected by the pandemic. The local Economic Development Authority and the Amherst County Finance Department partnered to manage the grant program. “As a small business trying to navigate through the ups and downs of this pandemic, we […]
3Pillar acquires Ariz.-based software company
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Tuesday it has acquired Tempe, Arizona-based software development company Tiempo Development. Financial terms of the transaction were not disclosed. Tiempo Development, which employs more than 400 people, also has three digital delivery centers in Mexico, which will expand 3Pillar’s footprint and offerings of data science, analytics, […][...]
Unmanned aircraft company creating 249 jobs in Warren County
Silent Falcon UAS, an unmanned aircraft systems service provider and equipment manufacturer, will invest $6 million to locate its new East Coast headquarters for research development and manufacturing at the Front Royal-Warren County Airport, creating 249 jobs, Gov. Ralph Northam announced Tuesday. Founded in Albuquerque, New Mexico, Silent Falcon UAS manufactures patent-pending unmanned aircraft systems […][...]
Amazon creating 200 more jobs in Hampton Roads
Amazon.com Inc. announced Tuesday it will open two additional delivery stations in Hampton Roads in 2021, creating more than 200 full- and part-time jobs. The ecommerce giant announced in March it would build two operations facilities in Hampton Roads (in Suffolk and Chesapeake), creating an expected 1,500 jobs. The additional d[...]
Capital One CFO to leave in March 2021
McLean-based Capital One Financial Corp. Chief Financial Officer R. Scott Blackley will step down in March 2021 to hold the same position with New York City-based health insurance startup Oscar Health Insurance Corp., the company announced last week. Capital One is the largest bank in Virginia, according to 2019 deposits. Senior[...]
Northrop Grumman to sell IT, mission support biz for $3.4B
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced late Monday that it will sell its federal IT and mission support services business for $3.4 billion in cash to Herndon-based national security contractor Peraton, a Veritas Capital affiliate. This year, the Northrop Grumman business unit is expected to generate approximately $2.3 billion […]
Two Va. companies win spots on $211M Navy contract
The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. and Virginia Beach-based VT Group positions on a five-year, $211.6 million contract to help the branch sustain its technical insertion equipment, the Department of Defense announced Friday. Under the contract, the two companies will produce, assemble and test Technical Insertion 2016 spare equipment, perform technical […][...]
Dewberry to provide advanced mapping of Alaska
Fairfax-based engineering consulting firm Dewberry announced Friday it has won a U.S. Geological Survey (USGS) task order to complete updated hydrography (maps of bodies of water) for the National Hydrography Dataset (NHD) for approximately 9,880 square miles in northern Alaska. An amount for the task order was not disclosed. From 2010 to 2020, Dewberry mapped […]
Accenture Federal Services secures blanket purchase agreement with U.S. courts
The Administrative Office of the United States Courts (AOUSC) awarded Arlington-based Accenture Federal Services (AFS) a five-year blanket purchase agreement to modernize the client case-management system of the U.S. Probation and Pretrial Services (PPS) system, the company announced Monday. PPS works to carry out probation and pretrial service functions in U.S. district courts. Under the […][...]
Ten Va. companies make 2021 Forbes list of top tax, accounting firms
Ten Virginia-based companies made Forbes’ top tax and accounting firms list for 2021. Of 450 companies across the nation, 250 companies were awarded the America’s Best Tax Firm 2021 title and 200 companies were awarded the America’s Best Accounting Firm 2021 title. Tax and account professionals and their clients were surveyed between August and September. […]
