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Northern Virginia

Dec 2, 2024

McDermott to depart as Mary Washington Healthcare CEO

Dr. Michael McDermott, president and CEO of Fredericksburg-based Mary Washington Healthcare since 2015, will leave to become head of Montage Health in California, the health system announced Monday. Dr. Christopher Newman, MWHC’s chief operating officer and chief medical officer, will succeed McDermott starting in spring 2[...]

electronic warfare aircraft flys in sky
Dec 2, 2024

Navy awards RTX subsidiary $590.8M contract for electronic attack system

The Navy has awarded Raytheon, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, a $590.8 million contract to produce nine Next Generation Jammer Mid-Band (NGJ-MB) ship sets for the military branch’s EA-18 Growler electronic warfare aircraft and four more sets for the Royal Australian Air Force[...]

A woman wears a black tunic.
Dec 2, 2024

Ballston BID names new CEO

The Ballston Business Improvement District (BID) has named Danette Nguyen its next CEO, the Arlington County organization announced Monday. A Ballston resident, Nguyen previously was the managing director of the Maryland Women’s Business Center (MWBC), a program which encourages women to start, sustain and grow their businesse[...]

Nov 29, 2024

Inova breaks ground on Alexandria, Springfield hospitals

In late September, Inova Health System broke ground on two new hospitals — one in Alexandria and the other in Springfield, the start of a new phase for the Falls Church health system. Both acute-care hospitals are expected to be completed in 2028, officials say. Inova Alexandria, which will sit on the former Landmark Mall [&he[...]

Nov 29, 2024

For the Record: December 2024

CENTRAL  Richmond-based international foam producer Carpenter acquired omnichannel bedding brand Casper Sleep for an undisclosed amount, it announced Oct. 29. Under the agreement, Casper will operate as a subsidiary of Carpenter. The deal marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes. That […][...]

Nov 26, 2024

Maximus announces feds have backed off $6.6B contract rebid

Editor’s Note: This story has been updated to correct an error in the original version, which incorrectly stated that the contract, not the rebidding process, had been canceled. Tysons-based Maximus, a government contractor specializing in administrative support for Medicare and Medicaid, announced Tuesday that the U.S. Depart[...]

GDIT received two contracts worth a combined $330 million to provide training support services to the Army.
Nov 26, 2024

GDIT wins $330M in Army training support contracts

Falls Church federal contractor General Dynamics Information Technology has won two Army contracts totaling $330 million, the General Dynamics subsidiary announced Tuesday. The Army Contracting Command – Orlando awarded the task orders to GDIT in August as part of the $975 million Mission Training Complex Capabilities Supp[...]

Lines of code on a screen
Nov 26, 2024

Unanet acquires D.C. AI firm

Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for governme[...]

A United Airlines Airbus A321neo. The plane is in flight, pictured against a clear sky, and bearing the United logo. Photo courtesy United Airlines
Nov 25, 2024

United begins building $16M training center in Fairfax County

United Airlines has started construction on a $16 million inflight training center in Fairfax County, the county’s economic development authority announced Monday. The 20,000-square-foot facility near the airline’s hub at Washington Dulles International Airport, which straddles the Fairfax and Loudoun county lines, is expect[...]

Rick Talento. Photo courtesy Inova Health.
Nov 21, 2024

Inova makes acting CFO permanent

After serving in an acting capacity since March, Rick Talento is now Inova Health’s permanent chief financial officer, the Falls Church-based regional health system announced Wednesday. Talento will continue to be responsible for the system’s financial operations and will also be responsible for planning and forecasting.[...]

a multi-beam, multi-band ground terminal on a production floor
Nov 20, 2024

AeroVironment to acquire BlueHalo for $4.1B

AeroVironment, an Arlington County defense contractor, announced this week it will purchase aerospace and defense tech firm BlueHalo for approximately $4.1 billion in an all-stock transaction. Also based in Arlington, BlueHalo is owned by private equity firm Arlington Capital Partners and works in space technologies, counter-unc[...]

A man in a suit stands in the foreground. Behind him, a red car is parked in front of a building.
Nov 19, 2024

Volkswagen’s U.S. subsidiary names new president and CEO

Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in [...]

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