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DXC names new CFO
Ken Sharp, a veteran finance leader, will assume the role of executive vice president and chief financial officer at Tysons-based DXC Technology on Nov. 30. Sharp will report directly to DXC President and CEO Mike Salvino and will oversee the company’s global financial strategy and reporting, investor relations, general ac[...]
PAE to buy Arlington intelligence analysis company for $92M
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Monday that one of its subsidiaries will acquire Arlington-based Metis Solutions Corp. for approximately $92 million in cash. Metis Solutions, which employs 450 people, provides services including intelligence analysis, operational and tactical training and program management. PAE provides mission support services to […][...]
Shuttered Alexandria power plant making way for mixed-use development
A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River. Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP ac[...]
Amazon to donate $9M to NoVa nonprofits
Marking the second anniversary of the news that it would brings its East Coast headquarters to Virginia, Amazon.com Inc. will donate $9 million to several nonprofits in Northern Virginia, the company announced Monday. The gifts include $3.5 million to community organizations supporting small businesses and military families and [...]
Commercial real estate lease roundup
Northern Virginia L3Harris Technologies Inc. renewed its lease of 6,357 square feet of office space at 17021 Combs Drive in King George County. Chris Russotti and Jamie A. Scully of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. Floors by Design leased 9,900 square feet of industrial space at […]
Gannett sells business media, marketing subsidiary
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the company announced last week. Financial terms of the sale were not disclosed. Through more than 40 digital and print brands, BridgeTower Media provides media and […][...]
Herndon defense contractor acquires cyberservices provider
Herndon-based ManTech International Corp. has completed its acquisition of Minerva Engineering, a provider of advanced cybersolutions. Headquartered in Hanover, Maryland, Minerva Engineering offers a range of advanced cyberservices that support the intelligence community (IC), including risk and vulnerability assessment, incident response and cyberintrusion detection, and wireless signal discovery. ManTech says the acquisition will expa[...]
Arlington-based Armed Forces Services Corp. rebrands to Magellan Federal
Arlington-based Armed Forces Services Corp. has rebranded to Magellan Federal. A subsidiary of Phoenix-based managed health care company Magellan Health Inc., Magellan Federal is a military-focused provider of health care, human services and pharmacy solutions. Magellan Healthcare, the health care business unit of Magellan Health Inc., acquired AFSC as a wholly-owned subsidiary in 2016. Since […][...]
Northrop Grumman will make two missions to International Space Station in 2023
NASA awarded two missions to Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. for 2023 launches that will deliver a combined total of approximately 16,500 pounds of cargo to the International Space Station. “As a trusted and reliable partner to NASA, Northrop Grumman has played a critical role in keepin[...]
BAE Systems wins two Navy task orders
The U.S. Navy awarded Arlington-based defense contractor BAE Systems Inc. two task orders totaling more than $30 million to produce and integrate a mission-critical information warfare platform for U.S Navy vessels, the company announced Tuesday. Under the task orders, BAE Systems will work on Consolidated Afloat Network Enterprise Services (CANES) for two Arleigh Burke class […]
Accenture, NuWave to work on Naval Intelligence contract
The Office of Naval Intelligence (ONI) awarded Arlington-based Accenture Federal Services (AFS) a contract to work on the Information Warfare Research Project (IWRP), and McLean-based information technology company NuWave Solutions LLC will be a subcontractor on the project. The subcontract amount was not disclosed. Under the subcontract, NuWave will help AFS create a distributed environment […][...]
Mitre tech foundation launches 5G consortium
McLean-based The Mitre Corp. announced Tuesday that its tech foundation, Engenuity, has launched a consortium with a goal of bringing together government, industry and academic institutions to advance innovations in 5G technology. The Open Generation Consortium’s founding members are Ericsson, Nokia Corp., Verizon, Altiostar, First iZ, Hush Aerospace, Kittyhawk, CTIA – The Wireless Association, Northeastern […][...]
