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Arlington-based Leonardo DRS considering IPO
The Italian federal defense contractor Leonardo, the parent company of Arlington-based Leonardo DRS, is considering holding an initial public offering (IPO) of the U.S. subsidiary. In a Feb. 19 statement the company said it “is evaluating the possibility of proceeding with the listing of Leonardo DRS,” but that a formal decision has not yet been […]
GMU establishes President’s Innovation Advisory Council
George Mason University President Gregory Washington on Monday announced he has formed an advisory roundtable of nearly 30 regional business executives and community leaders to focus on the university’s innovation initiative. The President’s Innovation Advisory Council will focus on issues such as GMU’s efforts[...]
Arlington engineering firm merges with Ala.-based tech company
Arlington-based Millennium Engineering and Integration (MEI) announced last week it has merged with Huntsville, Alabama-based QuantiTech. Financial terms of the transaction were not disclosed, but the combined company will have more than 2,000 employees across more than 20 U.S. locations. MEI provides systems engineering and integration services for space, defense, cyber, intelligence and aviation customers. […][...]
SAIC names government affairs senior VP
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday that John Bonsell will rejoin the company as its senior vice president government affairs, effective immediately. He succeeds Tom Eldridge, who will retire this spring. Bonsell worked with SAIC as a consultant from 2007 to 2012 and as a vice president within government […]
Fairfax company wins $175M Homeland Security contract
The U.S. Department of Homeland Security awarded Fairfax-based software company Salient CRGT Inc. a $175 million contract to provide IT service desk and field engineer support services for U.S. Citizenship and Immigration Services (USCIS), the company announced last week. Under the five-year contract, Salient CRGT will provide services for approximately 27,000 USCIS end users across […]
U.Va. Health System to buy out Novant Health in NoVa partnership
The University of Virginia Health System has signed a letter of intent to buy out Novant Health U.Va. Health System, a Northern Virginia regional health system owned by the two institutions through a joint operating company that formed in 2016. Financial terms of the proposed acquisition have not been disclosed. Winston-Salem, N[...]
Herndon satellite company BlackSky to go public
Herndon- and Seattle-based global monitoring company BlackSky announced Thursday it will go public following its acquisition by Osprey Technology Acquisition Corp., a transaction that values the combined company at $1.1 billion. Under the transaction, the special purpose acquisition corporation will merge with the Herndon company. BlackSky’s shareholders will own 62% of common shares of the […][...]
Fairfax County’s Richmond Highway area ripe for development during next decade
Between the development of Amazon.com Inc.’s $2.5 billion East Coast HQ2 headquarters in Arlington and Virginia Tech’s $1 billion Innovation Campus in Alexandria, Northern Virginia is ripe for commercial and residential development during the next decade. According to a market assessment study presented to Fairfax County’s Economic Advisory Commission, the Richmond Highway corridor (a 10-mile […][...]
Reston firm names chief security officer
Reston-based professional services company Caliburn International LLC announced Thursday it has hired James Mehta as its chief security officer. With more than 27 years of experience as a commissioned officer and special agent, Mehta most recently served as the director of strategic programs and requirements for the Air Force Of[...]
Reston federal contractor names COO
Reston-based federal contractor Preferred Systems Solutions Inc. announced Thursday it has hired Cynthia Barreda as its chief operating officer. Barreda most recently served as CEO of Herndon-based tech company NetCentrics Corp., where she had been since 2002. In her new role, she will work on strategy and vision for the compa[...]
BAE Systems wins $247M Space Force contract
Arlington-based defense contractor BAE Systems announced Wednesday it has received a $247 million U.S. Space Force contract to design and manufacture an advanced GPS receiver and semiconductor. Work on the contract will be performed for the Space Force’s Space and Missile Systems Center. The technology will provide positio[...]
Tysons tech company buys Md.-based cybersecurity firm
Tysons-based tech company Applied Insight announced Wednesday it has acquired Hanover, Maryland-based cybersecurity firm Bridges Inc. Financial terms of the transaction were not disclosed. Applied Insight is backed by private equity firm The Acacia Group and provides cloud, data and cyber services to federal government customers. Bridges also provides network security and analytics services using […][...]
