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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 […][...]
Parsons Corp. to raise $350M through debt offering
Centreville-based technology contractor Parsons Corp. announced Monday plans to raise $350 million through a debt offering. Proceeds from the debt offering would be used toward general corporate purposes, including acquisitions and working capital, according to Parsons. The initial conversion rate for the notes is 22.2913 shares of the company’s common stock per $1,000 principal amount […][...]
Northam proposes voter protection reform
Amid the COVID-19 pandemic and a national wave of mail delays, Gov. Ralph Northam on Tuesday proposed a $2 million allocation for prepaid return postage on absentee ballots, drop-off boxes and drop-off locations for mail-in ballots, as well as a process through which voters can correct their ballots to expand access to voting for the […]
U.S. hotel industry faces foreclosure wave
The U.S. hotel industry is facing an historic wave of foreclosures due to the pandemic, according to findings released Tuesday from the American Hotel & Lodging Association (AHLA), but Virginia might be an exception — for now. “We are not seeing much in the way of foreclosures or defaults as of yet,” says Virginia Restaurant, […]
Northern Virginia Technology Council names president, CEO
The Northern Virginia Technology Council (NVTC) announced Tuesday that Jennifer Taylor has been named as president and CEO, effective Sept. 10. In late June, Brad Schwartz was named as acting president and CEO, filling the vacancy left by the June 30 retirement of Bobbie Kilberg, who led the membership and trade association for [...]
Fairfax defense contractor acquires Dallas aviation company
Fairfax-based defense contractor MAG Aerospace announced Monday it has acquired Dallas-based aviation company Remotely Piloted Solutions (RPS). A transaction amount was not disclosed, but the acquisition adds more than 300 C5ISR (command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance) professionals to MAG’s workforce. “RPS has grown considerably since our founding in 2013 — from [&h[...]
SAIC gets $84.8M Navy contract modification
The U.S. Navy awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) an $84.8 million contract modification to provide torpedo equipment and support services to the military branch as well as the governments of Australia and Taiwan, the Department of Defense announced Friday. The contract will cover the fourth option year of the […]
Vienna-based defense contractor wins $77.6M Air Force contract
The U.S. Air Force awarded Vienna-based Trace Systems a $77.6 million task order to work on the branch’s network and data sharing environment for military and mission partners, the defense contractor announced Friday. Under the contract, Trace Systems will engineer an information technology network and applications, develop software and provide technical services for the SABRE […]
Northrop Grumman enters solar deal with Dominion Energy
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. is contracting with Richmond-based Dominion Energy Inc. to purchase solar energy to offset 100% of Northrop Grumman’s manufacturing and office operations in the commonwealth. The power will be generated from the 62.5-megawatt Madison Solar generating facility in Orange County, which Dominion announced it has acquired from […][...]
Washington Football Team names president
The Washington Football team announced Monday that it has appointed Jason Wright as president of the Ashburn-based National Football League team. He is the NFL’s first Black team president. The former professional running back will oversee the organization’s business divisions, including operations, finance, sales an[...]
BAE Systems has a big week
Arlington-based defense company BAE Systems Inc. (a subsidiary of United Kingdom-based BAE Systems plc) had a big week for federal awards — landing three major contracts with the U.S. Navy, U.S. Air Force and U.S. Marine Corps totaling more than $221 million. On Thursday, the U.S. Department of Defense announced the Navy had awarded BAE […]
SAIC CFO announces retirement
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Friday that Chief Financial Officer Charles A. Mathis will retire on Jan. 29, 2021. Mathis joined the company in November 2016 as executive vice president and CFO. He will remain with the company through fiscal year 2021, while the company [...]
