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Sevatec, Octo Consulting announce merger
Fairfax-based software company Sevatec announced Tuesday it has merged with Reston-based government technology company Octo Consulting Group. The combined organization will have nearly $300 million in annual revenue and 1,100 employees. Founded in 2003, Sevatec provides design, DevSecOps, security, cloud service integration, data engineering and automation services and has won nearly $400 million in recent […][...]
NASA awards Northrop Grumman $70M contract
NASA announced Tuesday it has awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $70 million contract to provide engineering, manufacturing and technical services for the agency’s Global Hawk Skyrange program. The contract was awarded to Northrop Grumman’s System Corp. (NGSC) business based in San Diego. Work will be performed at […]
DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]
Arlington company names VP of people
Arlington-based stock media company Storyblocks announced Tuesday it has hired Allison Jno-Baptiste as its vice president of people. Jno-Baptiste most recently served as the executive director of talent and resource management at Brown University. In her new role, she will oversee employee recruitment and diversity. “I bel[...]
Leidos wins $64M FAA contract
The Federal Aviation Administration has awarded Reston-based Fortune 500 government contractor Leidos Holdings Inc. a $64 million contract to develop the Operational Analysis and Reporting System (OARS), a safety analysis tool. OARS will support the FAA’s Air Traffic Organization (ATO) Safety Management System though defining, identifying, assessing, treating and tracking safety risk mitigation. Leidos will […][...]
Reston telemed company announces leadership changes
Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]
Perspecta wins $112M Space Development Agency contract
Chantilly-based federal contractor Perspecta Inc. announced Monday that it has received a potential five-year, $112 million contract to perform systems engineering and integration (SE&I) work for the newly established Space Development Agency (SDA). Work on the project started in late October under an initial $17.8 million task order. Under the contract, Perspecta engineers and architects […][...]
Reston IT company acquires cybersecurity firm
Reston-based information technology company Intelligent Waves LLC announced Monday it has acquired Maryland-based cybersecurity firm Ski Systems Inc. Financial terms of the transaction were not disclosed. Through the acquisition, Intelligent Waves will gain cybersecurity compliance expertise. Intelligent Waves is a service-disabled veteran-owned small business that was founded in 2006 by Jared Shepard, who served in […][...]
MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
Metro Rail managers cleared of allegations, but workplace is ‘disrespectful and unprofessional’
Following a three-month investigation into Metro’s Rail Operations Control Center (ROCC), the Washington Metropolitan Area Transit Authority announced Friday that complaints of racial discrimination, sexual harassment and retaliation by senior rail officials were unsubstantiated — but that disrespect and unprofessional conduct is commonplace there. San Francisco-based law firm Littler Mendelson PC conducted the independent inves[...]
CACI receives $160M Air Force network operations support task order
Arlington-based federal technology contractor CACI International has secured a potential $160 million task order to provide information technology support for U.S. Air Forces Central Command’s Network Operations and Security Center (AFCENT NOSC). On Thursday, CACI said it will offer networking, cyber, help desk and technic[...]
Northrop Grumman books $73M Air Force contract to update missile tech
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a $73.2 million delivery order from the U.S. Air Force to incorporate new capabilities into a remote visual assessment tool in support of the Minuteman III missile’s production and deployment. The company will modify the Remote Visual Assessment II program to enable […]
