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Hilton to sell $1.9B in debt in private offering
As hotel industry revenues continue plummeting, McLean-based Hilton Worldwide Holdings Inc. announced this week it will sell $1.9 billion in debt in a private offering to institutional buyers. The hotelier will sell $800 million of senior notes (due in 2029) at a 3.75% interest rate and an additional $1.1 billion at a 4% rate. Those […]
Northrop Grumman completes design review for astronaut living quarters
Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. announced Wednesday it has completed the initial preliminary design review (PDR) for the Habitation and Logistics Outpost (HALO), which will serve as living quarters for astronauts at the Lunar Gateway mini space station during lunar exploration missions. T[...]
McLean health IT provider forms board of advisers
McLean-based health information technology provider CNSI announced Wednesday it has formed a board of advisers. “Their deep policy, technology, clinical, Medicaid, Medicare and commercial health knowledge and experience will be invaluable to CNSI’s future strategic growth,” CNSI CEO Todd Stottlemyer said in a statement. “They will also advise us on better ways to support our […]
Va. home prices, sales up during October
Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide [...]
BAE Systems wins potential $100M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential one-year, $100.5 million contract to perform work on the USS Stout ship, the U.S. Department of Defense announced Tuesday. Under the contract, BAE Systems Norfolk Ship Repair will perform shi[...]
Gannett announces $500M debt refinancing
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Tuesday it has refinanced approximately $500 million in debt to more quickly repay on outstanding loans. Gannett announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not […]
McLean-based ID.me to add 1,000 workers in NoVa
McLean-based identity verification company ID.me announced Tuesday it plans to hire 1,000 new employees in Northern Virginia before the end of 2021. ID.me, which provides identity verification services used for military discounts and group buying services online, has hired more than 300 employees thus far this year, attributable to its “explosive growth.” “Since the onset […]
U.S. Customs and Border Protection awards SAIC $973M task order
U.S. Customs and Border Protection (CBP) awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a task order worth up to $973 million to work on the CBP’s system for identifying travelers and cargo that present potential security threats to the U.S., SAIC announced Tuesday. Under the task order, SAIC will work on […]
Washington Football Team closes Ashburn sports training complex
The Washington Football Team announced Tuesday it would close its Inova Sports Performance Center in Ashburn after finding out that a player had tested positive for COVID-19 on Monday night. The team has closed the sports complex where the team trains in Ashburn and has moved all meetings online scheduled for this week, accordin[...]
Rolls-Royce to pay $135K to resolve hiring discrimination dispute
Reston-based Rolls-Royce North America Holdings Inc. has agreed to pay $135,000 in back wages and interest to 26 female applicants who were not selected for machine operator positions at its Prince George County aircraft component manufacturing facility. The payments were the result of an agreement with the U.S. Department of Labor’s Office of Federal Contract […]
Leesburg-based Centerpoint books $116M cybersecurity contract
Leesburg-based Centerpoint Inc. has received a five-year, $116 million contract to provide cybersecurity support services to the U.S. Department of Health and Human Services, the company announced Thursday. The contract will secure information technology infrastructure, including risk management, compliance, infrastructure support, technical assistance, communications and strategy development work for the HHS Office of the Chief [&helli[...]
Avantus Federal acquires MissionTech Solutions
McLean-based Avantus Federal has acquired Vienna-based cyberdefense contractor MissionTech Solutions, effective Nov. 12. With the purchase, Avantus Federal says it will expand its data and technology mission within the national security and intelligence community. The acquisition will advance Avantus’ data engineering, cloud capabilities and technology adoption services. The services will be a boon to Avantus’ […][...]
