Sign In
Free Newsletter
Gannett to refinance $1.05B in debt
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Monday it will refinance $1.05 billion in debt to lower its interest rates and extend maturity on outstanding debt. Gannett, which has struggled financially during the pandemic, in November 2020 announced it had refinanced approximately $500 million in debt to more quickly repay […]
Peraton closes on $3.4B cash purchase of Northrop Grumman biz
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Monday the closure of the sale of its federal IT and mission support services business for $3.4 billion in cash to Herndon-based national security contractor Peraton, a Veritas Capital affiliate. According to the December 2020 announcement about the sale, proceeds are expected to […]
Co-working space opens in National Landing
A 39,000-square-foot Hana co-working space in National Landing — the stomping grounds of Amazon.com Inc.’s new East Coast headquarters, HQ2 — has opened, the CBRE Group subsidiary announced Friday. The building, located at 2451 Crystal Drive in Arlington, includes private office suites, conference and event space and c[...]
A healthy balance
For Ashburn-based IT company Sriven Technologies LLC, an emphasis on work-life balance and leading a healthy lifestyle, as well as a strong benefits packages creates a stress-free place for employees to focus on their careers, CEO Raj Kilaru says. And that makes it a place where people want to stay. Founded in 2009, Sriven Techn[...]
Commercial leases take a more generous turn
As Northern Virginia has been hit hard by rising office vacancies during the pandemic, companies there are increasingly seeking more generous lease terms and benefits. “There has been a shift toward short-term renewals of existing leases,” says David Ritchey, executive vice president of JBG Smith Properties, a real estate in[...]
Reston tech company names chief growth officer
Reston-based tech company TekSynap announced last week it has hired Pete Brady as chief growth officer. With more than 35 years of experience in military operations, growth, business development and technology, he was most recently the chief growth officer with BlueWater Federal, which was acquired by Tetra Tech. Brady served in[...]
Arlington company names chief technology officer
Arlington-based Cobham Advanced Electronic Solutions (CAES) announced last week it has hired David Young as its chief technology officer. Young most recently served as vice president of advanced program development at Lockheed Martin Space. In his new role, he will work with the company’s four operating divisions on the te[...]
DC Capital Partners names new partner
Alexandria-based private equity firm DC Capital Partners announced last week it has hired David O. Page as a partner. With more than 18 years of C-suite-level experience, Page currently serves as chairman of tech company The Swift Group. Page has worked alongside DC Capital Partners, which focuses on investments in the governmen[...]
Tegna acquires podcast company
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has acquired Locked On Podcast Network, which covers local sports and the four major professional sports leagues. Financial terms of the transaction were not disclosed, but the acquisition will expand Tegna’s podcast market presence. Locked On produces daily shows for the NBA, NFL, MLB […]
McLean analytics company names emerging technologies VP
McLean-based advanced analytics company Novetta announced Thursday that it has hired Todd Massengill as vice president of emerging technologies in the company’s information exploitation division. Massengill, a combat veteran with 28 years of military experience, most recently served as the senior military assistant to the [...]
CACI wins $376.4M National Geospatial-Intelligence Agency contract
Arlington-based federal technology contractor CACI International Inc. was awarded a potential $376.4 million contract from the National Geospatial-Intelligence Agency to improve its structured observation management (SOM) storage and production capabilities, according to a federal System for Award Management (SAM) notice. CACI will develop and deploy a software environment allowing the agency and its partners to […][...]
Stride, formerly K12, names new CEO
Herndon-based online education provider Stride Inc., formerly K12 Inc., announced Tuesday that Nathaniel A. “Nate” Davis is retiring from his role as CEO and will be succeeded by James J. Rhyu. Davis joined the K12 board of directors in 2009 and was named chairman in 2012 and CEO in February 2018. He will remain with [&helli[...]
