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Northern Virginia

Dec 23, 2024

Northrop Grumman subsidiary scores $3.5B Navy contract

Northrop Grumman Systems, a subsidiary of Falls Church aerospace and defense giant Northrop Grumman, has been awarded a $3.549 billion contract by the Navy to engineer and manufacture new nuclear aircraft, according to announcements from the Department of Defense and the Navy last week. E-130J jets will take the place of the Nav[...]

Dec 20, 2024

GDIT wins $5.57B contract to upgrade military communications system

Falls Church-based General Dynamics Information Technology, a business unit of Reston Fortune 100 defense contractor General Dynamics, has won a $5.57 billion contract from the Air Force Mission Partner Capabilities Office, it announced Friday. Awarded in November, the single-award, indefinite-delivery, indefinite-quantity contr[...]

A U.S. Air Force F-16 Fighting Falcon aircraft, assigned to the 122nd Fighter Wing, performs a sortie above the 122nd Fighter Wing in Fort Wayne, Indiana, May 3, 2024. The F-16, originally from Holloman Air Force Base, executed a routine flying pattern for training. Photo courtesy U.S. Air National Guard, by Airman 1st Class Halley Clark
Dec 20, 2024

Leidos lands $987M Air Force contract

Leidos has won an up to $987 million Air Force contract to provide sustainment support for F-16 Foreign Military Sales customers, the Reston-based Fortune 500 federal contractor announced Thursday. The F-16 Fighting Falcon is a supersonic multirole fighter aircraft used for air-to-air combat and air-to-surface attack. General Dy[...]

Dec 19, 2024

Capital One, Discover clear hurdles for $35.3B megadeal

Announced in February, McLean-based Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services is moving forward, with stockholders’ votes scheduled early next year, the credit card giants announced this week. Capital One also announced Thursday it received approval from the Office of t[...]

Dec 13, 2024

NoVa, Hampton Roads housing markets improve in November

The Northern Virginia and Hampton Roads housing markets in November showed signs of improvement from the same month last year, including increased home sales and selling prices. Northern Virginia Home prices and sales activity in Northern Virginia rose year-over-year last month, indicating a healthier market than the November 20[...]

An aerial shot of Huntsville, Alabama.
Dec 12, 2024

McLean’s QinetiQ US expands to Huntsville, Alabama

QinetiQ US, a McLean security and defense contractor, held a ribbon-cutting ceremony Tuesday to celebrate its expansion into Huntsville, Alabama. Known as “The Rocket City” for its role in the country’s development of space exploration, Huntsville is home to NASA’s Marshall Space Flight Center, which is l[...]

Dec 10, 2024

Micron gets $275M in federal funding for Manassas expansion

Micron Technology is set to receive up to $275 million in federal funding to expand its manufacturing plant in Manassas, U.S. Sens. Mark Warner and Tim Kaine announced Tuesday. The U.S. Department of Commerce has signed a preliminary, nonbinding agreement for the funding as part of the 2022 CHIPS and Science Act, legislation War[...]

A parked plane in the evening light.
Dec 5, 2024

HII division lands $6.7B Air Force contract

The U.S. Air Force has awarded Huntington Ingalls Industries’ McLean-based Mission Technologies division a $6.7 billion contract to provide electronic warfare engineering and technical services support, according to a Thursday announcement from the defense contractor.  The indefinite-delivery, indefinite-quantity contract is [...]

Dec 5, 2024

As bitcoin breaches $100K, MicroStrategy holdings, Saylor’s wealth surge

MicroStrategy, the Tysons-based tech company chaired by bitcoin whale Michael Saylor, has pursued bitcoin as an investment strategy since 2020. Now, it appears to have paid off as bitcoin breached the $100,000 threshold. Bitcoin rose above $100,000 per coin Wednesday night, after previously breaching $99,000 on Nov. 21. At 11:45[...]

Mark Clouse (left) will be the Washington Commanders team president in January 2025, answering to team owner Josh Harris (right). Photo courtesy Washington Commanders
Dec 4, 2024

Washington Commanders hire Campbell’s exec as team president

Mark Clouse, president and CEO of food giant The Campbell’s Co., will be the Washington Commanders’ next team president, the Ashburn-based NFL team announced Tuesday. Clouse starts his new post in late January. He replaces Jason Wright, the NFL’s first Black team president, who was hired in August 2020 by forme[...]

Dec 4, 2024

Navy awards Raytheon potential $903.9M contract

The Navy has awarded Raytheon, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, a contract worth up to $903.9 million, if all options are exercised, to provide support for a sensor system, the U.S. Department of Defense announced Monday.  The initial $34 million firm-fixed-price, cost-plus-fixe[...]

USS Green Bay (LPD 20) departed San Diego for forward deployment to the Navy's 7th Fleet in 2015. Photo by U.S. Navy/MCCS Donnie W. Ryan.
Dec 3, 2024

BAE Systems wins up to $238M Navy ship repair contract

Falls Church-based federal contractor BAE Systems Inc. has won a Navy contract worth up to $238.8 million to maintain, modernize and repair a San Antonio-class amphibious transport dock ship. The Department of Defense announced the $212 million firm-fixed-price contract award, which has options that would bring its cumulative va[...]

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