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George Mason receives $5M donation from Peterson Cos. family
The Peterson Family Foundation, the family behind the Peterson Cos. real estate development firm, donated $5 million to the George Mason University’s Center for the Arts improvement project, the university announced Tuesday. The gift to the university’s College of Visual and Performing Arts will support modernization of the[...]
Capital One, Walmart end credit card agreement
McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One[...]
Accenture Federal Services completes Cognosante buy
Arlington County-based Accenture Federal Services has completed its acquisition of Falls Church-based Cognosante, AFS announced Monday. With the acquisition, AFS plans to create a new federal health portfolio. The deal adds 1,500 employees to AFS’ workforce. “The health market is a unique mission space in the U.S. federal government,” Accenture Federal Services CEO John Goodman […][...]
StoneSprings Hospital Center hires new CEO
Tammy L. Razmic is the new CEO of StoneSprings Hospital Center in Dulles, the first woman to hold the top title, HCA Virginia announced May 13. Razmic will start her new job at the Loudoun County hospital on May 20. Razmic was most recently chief operating officer at HCA Florida Memorial Hospital in Jacksonville, Florida. [&hell[...]
GDIT wins $185M Air Force task order
Falls Church-based federal contractor General Dynamics Information Technology won a $185 million recompete task order to provide cybersecurity services for the Air Force Civil Engineer Center, the company announced Friday. The 772nd Enterprise Sourcing Squadron at Tyndall Air Force Base in Florida awarded the task order for a on[...]
NoVa home sales rise dramatically in April
Northern Virginia home sales in April rose 13.5% from April 2023, the region’s first double-digit growth in sales since November 2021, according to data the Northern Virginia Association of Realtors released Tuesday. In April, the region had 1,623 closed sales, up year-over-year and up 36% from the 1,191 homes sold in March, r[...]
Arlington apartment tower sells for $48.5M
A 162-unit high-rise apartment property in Arlington County has changed hands. Fortis Cos., a Washington, D.C.-based real estate development and investment company, acquired Marlowe Apartments from Equity Residential for $48.5 million, according to Berkadia, a commercial real estate services and mortgage firm, and Arlington Coun[...]
Peraton exec takes top spot at V2X
Jeremy Wensinger will replace Chuck Prow as president and CEO of McLean-based aerospace and defense contractor V2X on June 17, the company announced Monday. The transition is part of a “board-led succession planning process” the company said in a news release. Wensinger, who will also be a member of V2X”s board of dire[...]
VTG awarded $130M defense contract
VTG, a Chantilly-based engineering firm, has been awarded a five-year, $130 million contract by the Naval Sea Systems Command (NAVSEA) Integrated Warfare Systems Engineering Group, the company announced Tuesday. The contract is to provide end-to-end engineering services, spectrum management and test and evaluation support for Na[...]
Forty applicants vying for Shenandoah medical marijuana license
Forty complete applications were received for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as the cities of Charlottesville and Fredericksburg and the counties of Spotsylvania and Stafford, according to the Vir[...]
Sterling drone-jamming firm to be acquired by Taser maker Axon
Dedrone, a Sterling-based maker of drone-jamming and detection devices, has reached an agreement to be acquired by Scottsdale, Arizona-based Taser manufacturer Axon Enterprise. The transaction is expected to close in the second half of 2024, the companies announced Monday, and terms of the deal were not disclosed. Dedrone’[...]
Burke & Herbert completes merger
Alexandria-based Burke & Herbert Financial Services has completed a merger with West Virginia’s Summit Financial Group, the company announced May 3. The $371.5 million deal, first announced in August 2024, created a bank holding company with more than $8 billion in assets. The combined company will have more than 75 bran[...]
