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Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing debt […][...]
Mitre names new fellow
McLean-based The Mitre Corp. announced Thursday it has appointed Gerald Gilbert as a Mitre fellow focused on expanding the not-for-profit organization’s quantum science initiatives. Mitre fellows are a select group of scientists who lead programs at the organization, serving as subject matter experts and advisers to mission-critical programs, officers and the board of trustees. Gilbert […][...]
Fairfax tech company acquires Herndon intelligence services firm
Fairfax-based federal technology company Axiologic Solutions LLC announced Thursday it has acquired Herndon-based intelligence services firm Knowledge Link. It is Axiologic’s first acquisition. Financial terms of the transaction were not disclosed, but the acquisition will nearly double the size of Axiologic, according to a company statement. “Through the combination of Axiologic and Knowledge Link, we’ll […][...]
CIT announces $7M grant funding round
The Herndon-based Center for Innovative Technology (CIT) on Thursday opened the application process for $7 million in grant funds from its new Commonwealth Commercialization Fund, focused on promoting innovation and technology commercialization initiatives. The fund started six months ago. This round will provide grants up to $100,000 to support companies’ commercialization and market entry goals. […][...]
Maximus announces next CFO
Reston-based government services company Maximus announced Thursday the planned retirement of Chief Financial Officer Richard J. Nadeau, effective Nov. 30, 2021. David Mutryn, senior vice president of finance, will succeed Nadeau on Dec. 1, 2021. Nadeau, who joined the company in 2014, will continue to serve as CFO through the t[...]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any […][...]
Booz Allen demos in-flight AI algorithm for Air Force
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it demoed the use of an in-flight artificial intelligence (AI) algorithm for the U.S. Air Force Air Combat Command’s 9th Reconnaissance Wing U-2 Federal Laboratory. This marks the first time that a pilot has teamed up with AI to successfully complete a […]
Leidos subsidiary submits lunar lander proposal to NASA
Dynetics, a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., announced Wednesday it has submitted its proposal for the Human Landing System (HLS) that is planned to take the first woman and next man to the man’s surface for NASA’s Artemis Program by 2024. In late April, Dynetics was one of […]
Va. National Guard to be deployed in D.C. through at least Jan. 20
The Virginia National Guard and Virginia State Police troopers will be deployed in Washington, D.C., at least through Jan. 20, inauguration day for President-elect Joe Biden, Gov. Ralph Northam announced Thursday afternoon. In a tweet, Northam said, “I’m extending Virginia’s National Guard deployment at least t[...]
Chantilly contractor hires president, national security solutions
Chantilly-based defense contractor VTG announced Thursday it has hired Kirk Herdman as its president for national security solutions and as a member of its board of directors. Herdman most recently served as executive vice president for business development and corporate development at Maryland-based defense contractor KeyW Corp[...]
Amazon makes $340M commitment to Arlington affordable housing
Amazon.com Inc. announced Wednesday that it is committing nearly $340 million to affordable housing efforts in Arlington, where the e-commerce giant is establishing its $2.5 billion East Coast HQ2 headquarters. This is part of the company’s $2 billion commitment to affordable housing, the Housing Equity Fund, which was announced Wednesday. The remaining funding will go […]
Arlington contractor names chief financial officer
Arlington-based aerospace and defense contractor Cobham Advanced Electronic Solutions (CAES) announced Monday it has hired Sean Daily as its chief financial officer and a member of its board of directors. Daily most recently served as vice president of finance and business operations for Denver-based Lockheed Martin Space, where[...]
