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NCI names chief operating officer
Reston-based federal contractor NCI Information Systems Inc. announced Tuesday that Chuck Hicks has been promoted to chief operating officer in addition to holding his current position as chief financial officer. Hicks joined the company in 2019 and has been serving as acting COO since March. In his combined role, he will focu[...]
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
LMI names president, CEO
Tysons-based government and defense consultancy LMI announced Monday that Doug Wagoner has joined the company as its president and CEO, effective Aug. 3. Wagoner was most recently the sector president at Reston-based Fortune 500 company Science Applications International Corp. (SAIC). He oversaw SAIC’s operations and its 15,[...]
Freddie Mac names VP multifamily investments, portfolio management
Tysons-based Freddie Mac announced Monday that Ling Xu has been promoted as the Fortune 500 company’s vice president of multifamily investments and portfolio management. In her new role, she will oversee market risk and capital strategy, as well as manage multifamily portfolio strategy, hedging and balance sheet management. Sh[...]
Navy Federal ranked No. 4 U.S. brand for customer experience
Big Four accounting firm KPMG announced Monday it has named the Vienna-based Navy Federal Credit Union No. 4 on its annual list of top 10 U.S. brands for customer experience excellence. The KPMG U.S. Customer Experience Excellence report identifies top-performing brands and industries in terms of customer experience based on a survey of approximately 11,000 […]
Metro to restore most service beginning Aug. 16
The Washington Metropolitan Area Transit Authority (WMATA) announced Monday that it will resume most bus and rail service in the Washington area beginning Aug. 16, after closing routes and decreasing hours and numbers of trains and buses beginning in March due to the COVID-19 pandemic. Metro also plans to reopen six Fairfax Coun[...]
Leonardo DRS lands $120M Navy contract
Arlington-based defense contractor Leonardo DRS Inc. announced Monday it has won a $120 million U.S. Navy contract to provide engineering design and test software for aircraft protection systems. The contract was awarded through the U.S. Naval Air Systems Command, and the project will be completed on the AN/AAQ-45 Distributed Aperture Infrared Countermeasure (DAIRCM). The DAIRCM […]
Ex-CommuniClique CEO sentenced for money laundering, fraud
The founder and former CEO of Reston-based CommuniClique on Wednesday was sentenced to more than 12 years in prison in an Alexandria federal court for money laundering and fraud that caused losses of $25 million to investors, according to the U.S. Attorney’s Office for the Eastern District of Virginia. “Andrew B. Powers stole $25 million […]
Montreal investment firm buys Herndon software company
Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software. A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the […][...]
15 women accuse former Redskins employees of sexual harassment, abuse
On Thursday evening, The Washington Post detailed the experiences of 15 former female Washington Redskins employees who said they were sexually harassed and verbally abused during their time with the Ashburn-based team. And on Thursday afternoon, the Associated Press first reported that Redskins owner Dan Snyder had hired a Wash[...]
K12 Inc. to hire 1,300 online educators during pandemic
Herndon-based online education provider K12 Inc. announced Wednesday it plans to hire more than 1,300 educators for the 2020 through 2021 school year, in light of a massive push to move education online during the pandemic. Across Virginia, schools have been making decisions regarding reopening in the fall, with some already opting for full online […]
Fairfax adds $20M to small business relief fund
The Fairfax County Board of Supervisors announced Wednesday it has directed an additional $20 million in funding to its Fairfax Relief Initiative to Support Employers (RISE) relief program — bringing its total funding to $46 million aimed at helping small businesses and nonprofits during the pandemic. The funding comes from the federal Coronavirus Aid, Relief […]
