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RTX to sell cyber, intelligence biz for $1.3B amid Q3 slump
RTX has agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion and announced a $10 billion stock buyback program Tuesday as it seeks to recover from a manufacturing quality issue in a jetliner engine that has plagued the Arlington County-based Fortune 500 defense and aerospace contrac[...]
$900M water park resort breaks ground in Spotsylvania
A massive water park resort has broken ground in Spotsylvania County. The 1.38 million-square-foot Spotsylvania County Kalahari Resort, located between U.S. Route 1 and Interstate 95 in Thornburg, north of Kings Dominion, is expected to offer a 907-room hotel, a 175,000-square-foot indoor waterpark featuring slides, a wave pool [...]
Urgent.ly merges with Israeli company, goes public
Vienna-based roadside assistance tech company Urgent.ly has merged with Israel-based Otonomo Technologies, another vehicle technology business, and the combined company publicly listed its stock on Nasdaq on Oct. 19. The all-stock acquisition — a reverse merger allowing the combined business to go public, as an alternative to a traditional initial public offering — was first […]
MindPetal to acquire VerticalApps
Vienna-based government contractor MindPetal has entered into an agreement to purchase Arlington County-based IT firm VerticalApps, the companies announced Tuesday. Financial details of the transaction were not disclosed. MindPetal and VerticalApps hope to become “a premier [artificial intelligence/machine learning] firm b[...]
HII secures $244M software integration contract
A McLean-based division of Huntington Ingalls Industries received a $244 million contract integrating software for the Navy, Marine Corps and Coast Guard, the Newport News-based Fortune 500 military shipbuilder announced Tuesday. Under the five-year, Naval Air Systems Command task order, HII’s Mission Technologies division wil[...]
Amentum wins $327M Army contract
Chantilly-based federal contractor Amentum Services has won a U.S. Army contract worth up to $326.9 million, the company announced Monday. Under the five-year contract, Amentum will engineer, integrate and test prototype technologies for the Army’s command, control, communication, computers, cyber, intelligence, surveillance a[...]
HII, General Dynamics sued by marine engineers
A group of naval engineers filed a federal class action lawsuit on Oct. 6 against 20 large government contractors and shipbuilders, including Virginia-based General Dynamics and Huntington Ingalls Industries, claiming that the corporations have for decades “maintained an illegal agreement not to actively recruit, or ‘[...]
HII’s Mission Technologies wins $347M Navy contract
Huntington Ingalls Industries’ McLean-based Mission Technologies will build nine undersea drones for the Navy’s Lionfish System program in a deal that could grow to as many as 200 vehicles during the next five years, with a total value of more than $347 million. Newport News-based HII announced the contract Wednesday[...]
Ellucian to buy UK software company for $210M
Reston-based higher education software company Ellucian has agreed to buy United Kingdom-based Tribal Group, which also provides education services software, in an all-cash deal that values the company at up to $210 million. The deal was announced Thursday and Ellucian said in a news release that the offer was unanimously recomm[...]
Bowman appoints first chief revenue officer
Lance Hendrix has been named Bowman Consulting Group’s inaugural chief revenue officer, the Reston-based engineering services firm announced Wednesday. Hendrix, who will be based in Reston, has more than 30 years of engineering and construction management experience focused on the power, renewables and industrials markets. “[...]
Wagner named CEO for Agile Defense
Reston-based Agile Defense, an IT solutions provider for national security customers and the U.S. Department of Defense, has named Rick Wagner as its new top executive. Wagner previously led Microsoft’s $5 billion federal arm until Candice Ling took over the role during the summer. Agile announced the leadership change in [...]
Va. Kaiser employees set to picket in Springfield
More than 75,000 Kaiser Permanente workers across the nation are threatening to strike beginning Wednesday morning if union leaders cannot come to an agreement on a new labor contract with the health care company, but Kaiser says it would only minimally impact “a few optometry departments and pharmacies in Virginia.” U[...]
