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Don’t expect hotel revenue improvement to continue, industry says
UPDATED SEPT. 11, 2 P.M. Virginia hotel revenues saw some improvement last week, according to data released Thursday, but hotel industry representatives say it’s nowhere near enough to offset the “economically devastating” losses that the lodging sector has suffered this year due to the pandemic. For the week of Aug. 30 through Sept. 5, hotel […]
Tegna raises $550M in debt financing
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has raised $550 million in debt financing, which will go to pay outstanding debt. “With this successful offering, Tegna has reduced our overall average borrowing costs and locked in a lower fixed interest rate as we did earlier this year, further strengthening our balance […]
Reston contractor buys Md.-based software, systems engineering company
Reston-based government contractor Acclaim Technical Services Inc. announced Sept. 1 it has acquired Rockville, Maryland-based software and systems engineering company Global Consulting Services Inc. Terms of the transaction were not disclosed. Founded in 2015, Global Consulting Services’ 30 employees support multiple contracts working on development, engineering and testing of mission critical systems for Intelligence Community [&h[...]
Arlington cybersecurity firm buys Tysons software company
Arlington-based cybersecurity company ThreatConnect Inc. announced Thursday it has acquired Tysons-based software company Nehemiah Security, which quantifies cybersecurity risks for customers. ThreatConnect did not disclose a transaction price, but through its purchaser entity, NS Holdings LLC, it “acquired substantially all of the assets and assumed selected liabilities of Nehemiah,” according to a company statement. The [&hellip[...]
Va. saw slight increase in jobless claims last week
Virginia saw a slight increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday — bringing the total number of initial claims filed since mid-March to 1.136 million, or nearly 28% of the commonwealth’s pre-pandemic payroll employment. For the week ending Sept. 5, 11,[...]
McLean firm wins $7.3M DARPA 5G security contract
McLean-based computer and network security company Kryptowire LLC won a four-year, $7.3 million contract to help the Defense Advanced Research Projects Agency (DARPA) conduct research and development services for 5G mobile network security, according to a Department of Defense statement released Tuesday. Under the contract, Kryptowire will work under DARPA’s Open, Programmable, Secure 5G (OPS-5G) […][...]
Accenture Federal Services wins $89.5M Air Force contract
The U.S. Air Force awarded Accenture Federal Services (AFS), an Arlington-based subsidiary of Irish Fortune Global 500 company Accenture, a potential five-year, $89.5 million contract to establish a cloud-based common infrastructure for the branch’s enterprise resource planning (ERP) systems, the company announced Wednesday. Under the contract, AFS will manage the existing information technology infrastructure and […][...]
12 Va. companies join VEDP’s export trade program
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 12 companies were accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on international exporting growth strategies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During the […][...]
Two Va. companies land spots on $5B Army contract
Herndon-based information technology company Iron Bow Technologies LLC and Gainesville-based computer manufacturer NCS Technologies Inc. secured spots on a $5 billion U.S. Army contract to provide technology products to the Army Computer Hardware Enterprise Software and Solutions (CHESS) office. “The CHESS team is excited about seeing the years of effort finally coming to fruition,” CHESS […][...]
White House science adviser to address research security
In the wake of the arrest last month of a University of Virginia researcher, White House science adviser Kelvin Droegemeier will speak with regional university researchers Thursday about research security in a webinar hosted by Virginia Commonwealth University. Haizhou Hu was preparing to board a flight to China at the Chicago O’Hare International Airport when […]
Northrop Grumman secures first phase of $85B Air Force ICBM contract
The U.S. Air Force awarded the first $13.3 billion phase of an expected $85 billion Ground-Based Strategic Deterrent (GBSD) contract to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp., the company announced Tuesday. Under the $13.3 billion engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program awarded Tuesday, Northrop […][...]
Gannett names chief marketing, strategy officer
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, announced Tuesday it has hired Mayur Gupta as its chief marketing and strategy officer, a newly created position. Gupta most recently served as chief marketing officer at meal preparation company Freshly and, before that, was global vice president for gro[...]
