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Metro awards $179M contract to replace escalators
Metro will begin replacing 130 escalators in 32 stations in May, Washington Metropolitan Area Transit Authority (WMATA) announced Tuesday. The transportation authority that runs the Metrorail and Metrobus lines in the Washington area has awarded a $179 million, seven-year contract to KONE, a Finnish elevator and escalator compan[...]
McLean satellite operator eyes Chapter 11 emergence
McLean-based satellite operator Intelsat Corp. announced Friday it has the support of creditors to financially restructure under Chapter 11 bankruptcy, which would decrease the company’s debt from nearly $15 billion to $7 billion. “Today’s filings and the significant consensus already achieved on the plan pave the way for the company’s emergence from the Chapter 11 […]
Fairfax and Prince William federal contractors launch joint venture
Herndon-based systems integration company Tyto Athene LLC and Veterans First Initiative (VFI) LLC of Prince William County have launched a joint venture: Haymarket-based Optima Government Solutions LLC. Optima will provide IT services including engineering and systems integration to the U.S. federal government and U.S. Department of Defense. The joint venture is a service-disabled veteran-owned small business […][...]
General Dynamics wins $111.8M Army contract
The U.S. Army awarded the ordnance and tactical systems unit of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $111.8 million contract to provide bomb hardware to the branch, the Department of Defense announced Friday. Under the contract, General Dynamics will provide general-purpose tritonal bomb hardware, also known as Mk-90 series bomb components. General […]
Va. joint venture lands $1B Dept. of Energy contract
The Office of Environmental Management (EM) awarded Herndon-based joint venture SRS Critical Infrastructure Security LLC (SCIS) a 10-year, potential $1 billion contract to provide security services, the Department of Energy announced Friday. The goal of the contract is to provide security for special nuclear materials under the Safeguards and Security (S&S) program. SCIS includes Securitas […][...]
Serco. Inc. to acquire Reston contractor for $295M
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Tuesday it will acquire Reston-based H.I.G. Capital affiliate Whitney, Bradley & Brown for $295 million. The acquisition, which is expected to close during the second quarter of 2021,will increase Serco’s program management services for the Department of Defense, according to a […][...]
Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins
Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission[...]
BAE Systems awarded additional $184M for Marines amphibious vehicle
Arlington-based defense contractor BAE Systems has received a $184 million order from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under a contract option. In December, BAE Systems received approval to begin full-rate production of ACVs and received a $184 million contract modification to produce an initial 36[...]
Leidos CEO elected to engineering academy
Reston-based Leidos Holdings Inc. announced Friday that Roger A. Krone, its chairman and CEO, has been elected to the National Academy of Engineering, one of the highest professional distinctions in the field of engineering. Krone was elected to the academy for his technical leadership in industry engineering and advances in aer[...]
Virginia’s first JW Marriott hotel coming to Reston
Virginia’s first JW Marriott hotel is coming to Reston, Comstock Holdings Cos. Inc. said Thursday in an announcement about the forthcoming $250 million luxury hotel. CRS Hotel LC, one of Comstock’s managed companies, has entered a franchise agreement with Marriott International for the project, which will be part o[...]
Leidos lands $162M FTC contract
The Federal Trade Commission (FTC) awarded Reston-based Fortune 500 government contractor Leidos Holdings Inc. a $162 million contract to work on the commission’s Sentinel Network Services (SNS) program. Under the contract, Leidos will work on gathering complaints and providing information for consumers while offering protection services. The work is being done for the commission’s Bureau […][...]
NYC-based software company acquires Arlington Salesforce developer
New York City-based software company Togetherwork announced Wednesday it has acquired Arlington-based Salesforce developer Fonteva. Financial terms of the transaction were not disclosed. Under the acquisition, Fonteva will operate as a business unit within Togetherwork and be led by Fonteva Chief Revenue Officer Pat McGlynn, who has been named president of Fonteva. The majority of […]
