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Leidos subsidiary tapped to develop lunar landing system
Dynetics, a wholly owned aerospace subsidiary of Reston-based defense contractor Leidos, is one of three prime contractors awarded contracts by NASA to design the human lunar landing system that will take the first woman and next man to the moon’s surface by 2024. The other two aerospace companies are Amazon.com Inc. Presi[...]
Tysons software company CFO resigns after 6 months
Tysons-based software company MicroStrategy announced Wednesday that its chief financial officer, Lisa Mayr, has resigned after joining the company six months ago. The company’s chief operating officer Phong Le, who has previously served as the CFO, will take over the role. Mayr was hired as MicroStrategy’s CFO in October after serving as CFO at Washington, […]
McLean investment bank names head of security practice
McLean-based middle-market investment bank The McLean Group LLC announced Tuesday that Marc Gruzenski has been named as the head of its security practice. Gruzenski was most recently the director of global security technology and director of information protection for The Walt Disney Co. He has also worked as the chief of inte[...]
Boston tech company to acquire Arlington-based DivvyCloud for $145M
Boston-based tech company Rapid7 announced Tuesday that it’s acquiring Arlington County-based cloud security and governance tech firm DivvyCloud for $145 million. The acquisition, which will be made via a combination of cash and stock, is expected to close before June. “Joining forces with Rapid7 is a natural next step,�[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
Metro to use downtime for construction on Orange, Silver lines
Metro will close nine stations in Northern Virginia to perform construction work on the Orange and Silver lines this summer, the Washington Metropolitan Area Transit Authority (WMATA) announced Thursday. The projects come at time when Metro service has been drastically limited as a result of the COVID-19 pandemic. According to WMATA, its ridership was down […]
Fairfax NAACP teams up with local nonprofit to aid small businesses
The nonprofit Virginia 30 Day Fund and the Fairfax County NAACP announced Thursday they have launched a partnership to provide funding to minority-owned small businesses in Northern Virginia that have been hurt economically by the COVID-19 crisis. The Virginia 30 Day Fund was founded two weeks ago by Pete Snyder, a technology entrepreneur and CEO […]
Perspecta Labs wins $14.5M Army contract
Chantilly-based government contractor Perspecta Inc. announced Wednesday that its research arm, Perspecta Labs, has landed a $14.5 million U.S. Army contract to use machine learning to develop a suite of capabilities for the Army to protect against cyberattacks. The project was awarded by the Army’s Combat Capabilities Dev[...]
Axios receives $5M in PPP funding
Arlington-based digital media company Axios Media Inc. announced Wednesday it received nearly $5 million in funding from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the $349 federal relief fund that ran out of funding on April 16 after 13 days due to overwhelming demand from small busines[...]
Loudoun County announces $1M small-business relief fund
UPDATED FRIDAY, APRIL 24: The Loudoun County Board of Supervisors allocated an additional $250,000 to its existing $1 million COVID-19 Business Interruption Fund on Thursday, aimed at helping small businesses in the county that have been harmed by the COVID-19 crisis. The board allocated an extra $105,000 for businesses with 3-50 employees, $110,000 for businesses […]
Facebook opens applications for Va. small business grants Wednesday
Facebook Inc. announced Tuesday that it will begin taking applications for its small business grant program in Virginia on Wednesday, April 22. The social media giant opened the program to more than 30,000 businesses in more than 30 countries, including the United States, totaling $100 million. Thirty-one businesses in the Richmond region will receive a […]
Stafford office building sells for nearly $15M
An office building in Stafford sold for $14.725 million, real estate company Colliers International announced Wednesday. The buyer is confidential, according to Colliers, and Stafford property records have yet to release the updated ownership. Golden Eagle Group was the previous owner, having bought the building in June 2018 f[...]
