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Northern Va. Year-in-Review: Region looks to tech, bioscience for expansion
The proliferation of data centers in Northern Virginia remains a perennial topic, and while they remained a headline among economic development deals for the region in 2024, they were not the only highlight as parts of the region look to tech and biosciences. Last year started on the coattails of two massive announcements that c[...]
Northern Va. Big Deal: Digital Gateway lawsuits head to appeals court
When the massive Prince William Digital Gateway data center project was approved by county supervisors in December 2023, the project was hailed by some as an economic boon that could support 30,000 new construction jobs and infuse more than $500 million in annual tax revenue in the next two decades. Others saw the project as [&h[...]
Federal watchdog reverses course, drops Capital One lawsuit
The Consumer Financial Protection Bureau reversed course Thursday and dropped a federal lawsuit against McLean-headquartered Capital One and its parent company, Capital One Financial, which alleged the companies cheated millions of consumers out of more than $2 billion in interest payments. The U.S. government’s watchdog [...]
V2X nabs $100M FBI contract
V2X secured a $100 million, five-year contract to provide aviation maintenance and support services for the FBI’s Critical Incident Response Group, the Reston-headquartered aerospace and defense contractor announced Wednesday. V2X’s role in the contract will be to deliver mission-critical aviation resources, enabling the[...]
Pope no longer COO at Boeing but remains head of commercial airplanes unit
Arlington County-based Fortune 500 aerospace company and defense contractor Boeing announced Tuesday that Stephanie Pope is no longer the company’s chief operating officer but still leads its commercial airplane unit, as of Feb. 19. According to an SEC filing posted Tuesday evening, Pope will no longer hold the COO title but w[...]
Virginia Tech’s Innovation Campus launches in Alexandria
Virginia Tech’s Walid Saad was used to traveling between the university’s locations in Arlington and Fairfax counties to meet students and teach classes. Saad, a professor of electrical and computer engineering, works at the intersection of wireless networking and artificial intelligence, including using quantum technology t[...]
BAE Systems wins $251M contract to support Navy AEGIS Combat System
The U.S. Navy has awarded Falls Church-based federal contractor BAE Systems with a five-year, $251 million contract to provide critical system engineering and on-site technical expertise to the AEGIS Technical Representative (AEGIS TECHREP) organization. Under the contract, which was awarded in November 2024 and announced Feb. 1[...]
RTX subsidiary secures $1.5B Air Force contract
Pratt & Whitney, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, secured a three-year award valued at up to $1.5 billion to sustain F119 engines powering the U.S. Air Force’s F-22 fighter jets. RTX announced the contract award to its aerospace manufacturing subsidiary, headquartered in Co[...]
Amazon eyes Caroline, Spotsylvania for 11-building data center campus
Amazon is seeking federal and state permits to build an 11-building data center campus in Caroline and Spotsylvania counties. The e-commerce giant’s Amazon Data Services subsidiary sent a joint permit application last week to the U.S. Army Corps of Engineers. Amazon plans to build the campus directly southeast of the Inter[...]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the ac[...]
Boeing to lay off about 200 workers in megarocket program
Arlington County-based Fortune Global 500 aerospace and defense giant Boeing plans to lay off about 200 employees working on NASA’s Space Launch System program in anticipation of potential program cuts or cancellation. The company previously expected to eliminate about 400 positions in the program by April, according to Bl[...]
Derivatives exchange to add 33 jobs in Fairfax
Nodal Exchange, a derivatives exchange, will invest $300,000 to expand its Fairfax County operations, adding 33 jobs, Gov. Glenn Youngkin announced Wednesday. “Nodal Exchange’s expansion in Fairfax County demonstrates Virginia’s ability to attract and retain global financial technology leaders,” Youngk[...]
