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GD subsidiary in Norfolk wins potential $123.3M contract
General Dynamics NASSCO, a Norfolk subsidiary of Reston aerospace and defense giant General Dynamics, was awarded a U.S. Navy contract worth up to $123.3 million last week for maintenance, modernization and repair of the USS Porter destroyer during fiscal 2025. The base amount of the firm fixed price contract to General Dynam[...]
Leidos wins $331M Army IT contract
The U.S. Army has awarded a $331 million IT contract to Leidos to modernize its network, the Reston-based Fortune 500 federal contractor announced Monday. The Army Program Executive Office for Command, Control, Communications and Network (PEO C3N), formerly known as the PEO C3T, awarded the contract, which has a one-year base pe[...]
Raytheon to pay $950M+ to resolve fraud, bribery charges
The U.S. Department of Justice announced Wednesday that Arlington County’s Raytheon, a subsidiary of aerospace and defense contractor RTX, has agreed to pay more than $950 million to resolve multiple allegations that include fraud and bribing a Qatari official. Under Wednesday’s settlement, Raytheon must pay the following penalties: For two counts of major fraud in […]
Appian taps new chief revenue officer
Mark Dorsey is Appian’s new chief revenue officer, the McLean cloud computing and software company announced Oct. 11. He replaces Christopher Jones, who left in April to become chief revenue officer for New Relic, a software developer based in San Francisco. Dorsey, who has a MBA from the Carroll School of Management at Bo[...]
Inova names president and chief of clinical enterprise
A surgeon who began working with Inova Health System in 1986 has been named president and chief of clinical enterprise following a national search, the Falls Church-based health system announced last week. Dr. John Moynihan had been acting chief of clinical enterprise since March, while also serving as president of Inova Surgica[...]
Three Va. universities have ‘some viability risks,’ report says
State researchers found Radford University, Virginia State University and the University of Mary Washington had “some viability risks,” according to a report released Monday, but none are in immediate danger of closing. The good news from the report conducted by the Joint Legislative Audit and Review Commission, which con[...]
HII’s Mission Technologies wins $458M DOD contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $458 million federal defense contract to modernize information technology architecture. Under the five-year task order, which HII announced Tuesday it had won, the division will use model-based systems engineering to develop, assess and impleme[...]
For The Record October 2024
Central Virginia Fortune 500 company CarMax will be the naming sponsor for the Richmond Flying Squirrels‘ new ballpark starting with the 2026 season, the Double-A Minor League Baseball team announced Sept. 4. The Diamond’s replacement will be known as CarMax Park. Although Squirrels President and Managing Partner Lou DiBella said that the deal with CarMax […]
Kuhn continues moving Loudoun projects forward
It hasn’t exactly been smooth sailing for Chuck Kuhn lately as he tries to rezone land for flex industrial use in Leesburg and Purcellville. The CEO of JK Moving Services and JK Land Holdings, Kuhn is one of Northern Virginia’s most prominent data center developers and land conservationists, having purchased swathes [...]
Colbert leaves as CEO of Boeing’s defense, space sector
Theodore “Ted” Colbert III is no longer president and CEO of Boeing Defense, Space & Security, the Arlington County aircraft and aerospace manufacturer reported in a Securities and Exchange Commission filing Friday evening, Sept. 20. The announcement comes weeks after NASA decided it was unsafe to send two U.S. a[...]
Chain Bridge Bancorp plans to go public
Chain Bridge Bancorp, the McLean holding company for Chain Bridge Bank, National Association, is planning to go public. On Friday, the company filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of Class A common stock. The number of shares and price range for the IPO[...]
CACI strikes $1.27B deal to buy RF electronics provider
CACI International has entered into a $1.275 billion definitive agreement to acquire Azure Summit Technology, the Reston-based Fortune 1000 government contractor announced Monday. Based in Fairfax and founded in 2007, Azure Summit develops high-performance radio frequency (RF) hardware and software for the U.S. Department of Def[...]
