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Intelsat to be acquired by SES for $3.1B
McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash. The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release. Intelsat [...]
Boeing CEO to step down by end of year
In late March, Boeing President and CEO Dave Calhoun said he would step down by the end of the year. The announcement came amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air. […]
Visit Alexandria appoints next president and CEO
A veteran tourism marketing executive from California, Todd O’Leary, will be Visit Alexandria’s new president and CEO, effective July 8, the tourism marketing organization announced Monday. Visit Alexandria’s board of governors has appointed O’Leary to succeed Patricia Washington, who announced her plans [...]
Fredericksburg warehouse leased by food bank sells for $2.9M
A warehouse leased by the Fredericksburg Regional Food Bank has sold for nearly $3 million. Nellis, a Maryland-based private investment company, purchased the 24,000-square-foot industrial warehouse on 2.89 acres from Fredericksburg-based entity MDC 480 Central for $2.925 million, according to an April 25 news release from Cushm[...]
Google investing $1B in Va. data center campuses
Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google’s top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We’ve got a $1 billion investment in [...]
Metro passes $4.8B budget for FY25
Metro’s board of directors on Thursday passed a $4.8 billion capital and operations budget for fiscal year 2025, which avoids massive service cuts, although fares will increase by 12.5% beginning July 1. The Washington Metropolitan Area Transit Authority, which oversees the Metrorail and Metrobus public transportation syst[...]
Leidos promotes chief information officer
Alexandra Guenther became Leidos’ chief information officer March 11, according to a spokesperson for the Reston-based Fortune 500 federal contractor. Guenther previously worked as program vice president for the civil operation of the Antarctic support contract at Leidos, where she led a cross-functional team of more tha[...]
Guidehouse lands $12B ICBM support contract
McLean-based consultancy Guidehouse has won a contract valued up to $12 billion for systems engineering supporting the Air Force’s intercontinental ballistic missiles fleet, although the initial contract awardee has filed a protest. The single-award contract, announced Feb. 28 by the Defense Department and April 15 by Guid[...]
CACI wins up to $1.3B defense contract
CACI International won an up to $1.3 billion defense contract supporting the U.S. European Command and U.S. Africa Command, the Reston-based Fortune 1000 contractor announced Monday. Under the five-year task order, CACI will provide communications and information technology solutions, modernizing critical software and hardware, [...]
CoStar to acquire Calif. tech company in $1.6B deal
The CoStar Group, which announced in February plans to move its headquarters from Washington, D.C., to Arlington County, has reached an agreement to buy all outstanding shares of California-based Matterport, a 3D data platform, in a cash and stock deal valued at $1.6 billion. A real estate analytics and data company known for on[...]
Virginia Black Chamber to host first govcon conference
The founders of the Virginia Black Chamber of Commerce decided to provide a venue for Black business owners to learn how to find success with government contracting. “We wanted to just bring together all of our business owners or people who are interested in potentially looking into local, state and government contracting,�[...]
Accenture Federal Services to acquire Cognosante
Arlington County-based Accenture Federal Services (AFS) has entered into an agreement to acquire Falls Church-based Cognosante, the companies announced Tuesday. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by the two companies. Cognosante’s more th[...]
