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D.C. private equity firm sells Chantilly tech firm for $827M
Washington, D.C.-based private equity firm Arlington Capital Partners announced Wednesday it has agreed to sell Chantilly-based technology contractor Centauri to Houston-based KBR Inc. (a former Halliburton subsidiary) for $827 million. The acquisition will expand KBR’s presence in the military space, defense modernization and cybersecurity sectors, according to the engineering, procurement and construction company. “KBR’s acq[...]
Virginia Tech launches COVID-19 dashboard
Virginia Tech on Wednesday launched an online dashboard that the university will use to keep track of COVID-19 test results and the number of students in on-campus isolation spaces. “Our comprehensive plan to manage the additional cases expected as the Blacksburg campus is repopulated includes close collaboration with our campus experts and community partners,” Virginia […]
11 Va. employers recognized for hiring veterans
Eleven Virginia employers received this year’s Virginia Values Veterans Awards, which were announced Wednesday during the virtual 2020 Virginia Veterans and Military Affairs Conference, which is hosted by the Virginia Chamber of Commerce in partnership with the Virginia Department of Veterans Services (VDVS) and the Virginia Veterans Services Foundation (VVSF). “Virginia is home to a […][...]
RetailData LLC names new president, CEO
Glen Allen-based RetailData LLC announced Wednesday that Jacob Blondin has been promoted to president and CEO, replacing Christopher F. Ferguson, who is retiring after more than 20 years with the company. Blondin most recently served as chief operating officer for the company, which he joined in 2015 as vice president of strateg[...]
Va. hotel revenue inching upward
Hotel revenues in Virginia continued to incrementally improve last week, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. During the week of Aug. 9 through Aug. 15, hotel revenues in Virginia decreased by 44% and rooms sold declined by 32%, compared to the […]
Business optimism down among GovCon officials
Business optimism among government contractor (GovCon) officials has dropped 16% during the pandemic, according to the Gauge Report, an annual survey conducted by Dulles-based software company Unanet and New York City-based CohnReznick LLP. “These concerns and sentiments are to be expected given the current economic climate,” Kim Koster, Unanet vice president of GovCon strategy and […]
Montgomery County, Blacksburg, Christiansburg launch small business relief grants
Montgomery County and the towns of Blacksburg and Christiansburg on Wednesday launched a grant fund to support small business recovery in response to COVID-19. Eligible businesses can receive one-time grants of up to $27,500. The Small Business Recovery grant program is funded by the federal Coronavirus Aid, Relief, and Economic[...]
Chantilly company wins $76M Space Force contract modification
The U.S. Space Force has awarded Chantilly-based space systems technology company LinQuest Corp. a $76 million contract modification to support the special capabilities division at the branch’s Space and Missile Systems Center (SMC), the company announced Wednesday. “LinQuest traces its heritage of sophisticated satellite communications back to 1977,” Chris Beres, general manager of LinQuest’s space […][...]
LA-based tech company moves headquarters to Reston
Infrascale Inc., a cloud-based data protection company, announced Wednesday it has moved its headquarters from Los Angeles to Reston — where its leadership team is based. Infrascale’s C-suite leadership, including CEO Russell P. Reeder, Chief Financial Officer Rob Peterson, Chief Operating Officer Brian Kuhn and Chief People Officer Carolyn Kress, is based in Reston and have […]
Facebook opens Black business grant program
Starting Wednesday, any majority Black-owned business in the U.S. with up to 50 employees can apply for a grant through Facebook Inc.’s Black Business Grant. In June, Facebook announced it had committed $100 million in grants this year to support U.S. Black-owned businesses, creators and nonprofits. The social media giant anno[...]
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 […][...]
