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WSJ reports Axios is eyeing merger with the Athletic
Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]
Peraton wins potential $360M Air Force contract
Herndon-based national security contractor Peraton Inc. has been awarded a potential $360.4 million contract to assess safety risks of the U.S. Air Force’s intercontinental ballistic missile software, an agreement that could extend 18 years. According to the U.S. Department of Defense announcement Thursday, the company will support nuclear safety analysis and evaluation in Utah and […][...]
Arlington software company hires chief people officer
Arlington-based software developer Higher Logic announced on March 16 that it has hired Joanna Luth as its new chief people officer. Luth is a human resources executive with more than 20 years of experience. Prior to joining Higher Logic, Luth served as the chief people officer for Georgia-based software company Intradiem and vice president of […]
Fairfax company wins $484M DOD contract
On Tuesday, Fairfax-based software company Salient CRGT Inc. announced it had been awarded the first of four options on a potential $482 million award supporting the U.S. Department of Defense’s (DOD) specialized information technology systems and warfighter networks. The five-year, single-award contract is named SANDBAR and was initially awarded in September 2019 as a competitive […]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
AT&T inks $231M U.S. Treasury contract
AT&T Inc. announced Tuesday it has been awarded a $231 million contract from the U.S. Department of Treasury to modernize its voice and data networks and provide cybersecurity protections. The contract was landed by AT&T’s Public Sector organization, which is based in Fairfax County’s Oakton area. The 12-year contract was awarded through the General Service […]
SpaceLink establishes HQ in Tysons
Satellite telecommunications company SpaceLink, a subsidiary of Australian aerospace and defense contractor Electro Optic Systems, has established its headquarters in Tysons. SpaceLink is building a space relay network of satellites in medium Earth orbit that will provide secure, continuous, high-bandwidth communications between its clients’ low Earth orbit spacecraft and the ground. Clients could include commercial […][...]
Report: Snyder to purchase full control of Washington Football Team
Daniel Snyder is poised to purchase the remaining 40.5% of the Washington Football Team, which would give him full control of the NFL franchise, according to reporting by The New York Times on Wednesday. The Ashburn-based NFL’s team owners are expected to approve a waiver next week that would allow Snyder to take on an [&h[...]
New Arlington-based tech contractor names chief financial officer
Two Six Technologies Inc., a new national security technology provider based in Arlington, announced Wednesday it has hired Bob Kwaja as chief financial officer. The company was formed in February after an affiliate of global investment firm The Carlyle Group acquired IST Research and Two Six Labs. Among Two Six TechnologiesR[...]
Northrop Grumman wins missile defense contract worth up to $3.9B
Falls Church-based Northrop Grumman Corp. and partner Raytheon Missiles & Defense were awarded a Missile Defense Agency contract worth up to $3.93 billion to perform work on the U.S. ballistic missile defense system, the agency announced Tuesday. Part of an award of $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman and Bethesda, […]
Omnispace, Lockheed Martin join forces for space-based 5G network
Tysons-based satellite telecommunications company Omnispace LLC has entered into a strategic alliance with Lockheed Martin Corp. to explore jointly developing a space-based 5G global network. “Omnispace is fully committed to the vision of creating a new global communications platform that powers 5G connectivity directly to[...]
Parsons Corp. lands $12.6B IT defense contract
Centreville-based defense contractor Parsons Corp. announced Tuesday that it has landed a 10-year information technology contract from the Defense Intelligence Agency worth a potential $12.6 billion. Under the Solutions for Information Technology Enterprise III (SITE III) contract. Parsons will deliver strategic, technical and program management guidance and support services to facilitate the operations and modernization […][...]
