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Leidos completes $380M Gibbs & Cox acquisition
Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wholly-owned Leidos […][...]
Va. GOP prepares for nomination convention on Saturday
On Saturday, roughly 54,000 Virginia Republican convention delegates will have the opportunity to choose their party’s 2021 nominees for governor, lieutenant governor and attorney general. Unlike the typical “firehouse convention,” currently prohibited due to COVID-19 precautions, the state GOP has opted for an[...]
Axios-Athletic merger gets axed
A proposed merger between Arlington-based digital news company Axios Media Inc. and San Francisco-based sports media firm the Athletic is no longer going forward, according to a May 6 report from The Wall Street Journal. The Journal had previously reported that the companies had been exploring merging and going public through through a special purpose […]
Parsons lands $618M GSA contract
Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion. The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the […][...]
UPDATED: Peraton completes $7.1B Perspecta acquisition
UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by […][...]
Va. sees 67% drop in weekly jobless claims
The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2[...]
Northam: Many restrictions likely to be lifted June 15
Virginia will relax most COVID-19 mitigation measures by June 15 if vaccination numbers continue to increase and spread of the virus continues to decrease, Gov. Ralph Northam said Thursday, but lifting the face mask mandate will likely take longer. “We will continue to evaluate our mask guidance,” the governor added,[...]
$257M Western Rail Initiative to bring NRV train service
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Vi[...]
George Mason University approved to start school of computing
The State Council of Higher Education for Virginia gave the green light to George Mason University’s plan to start a school of computing, the Fairfax-based university announced today. Three departments will comprise the core of the school, which will be the first of its kind in Virginia, the university said: statistics, computer science and information […]
Mitre names new cyber technologies VP
McLean-based The Mitre Corp. has hired research scientist Wen Masters as its vice president for cyber technologies, effective May 17. Masters most recently worked at Georgia Tech Research Institute, where she served as deputy director for research and led its Information and Cyber Sciences Directorate. She was principal research[...]
Serco completes $295M acquisition of Reston contractor
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has completed its $295 million acquisition of Reston-based Whitney, Bradley & Brown (WBB) from an affiliate of Florida-based private equity firm H.I.G. Capital. The acquisition strengthens Serco’s program management services for its Department of Defense clients and enriches the company’s expertise in […][...]
Leidos names new CFO
Longtime Leidos Holdings Inc. executive Christopher Cage has been named as the Reston-based federal contractor’s new chief financial officer. Cage will begin his role July 5. He currently serves as senior vice president and chief accounting officer for the Fortune 500 company, where he’s worked since 1999. Cage was director of financial planning and analysis […]
