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MicroStrategy holdings surge in value as bitcoin breaches $87,000
Bitcoin whale Michael Saylor, the executive chairman of Tysons-based tech company MicroStrategy, has reason to gloat today. Under Saylor’s laser-eyed guidance, MicroStrategy has pursued bitcoin as an investment strategy since 2020. The company announced its first bitcoin purchase in August 2020, making it one of the firs[...]
Va. will hold 2 special elections to fill empty state Senate seats
Updated Nov. 10 Two Virginia State Senate seats are now open, with the election of state Sens. John McGuire, R-Goochland, and Suhas Subramanyam, D-Loudoun, to the U.S. House of Representatives this week, so the state will hold special elections to fill those seats in districts 10 and 32 ahead of the Virginia General AssemblyR[...]
If Trump cuts federal workforce, Warner predicts ‘disaster’ for Va.
U.S. Sen. Mark Warner said Thursday he hopes President-elect Donald Trump won’t pursue massive cuts and relocations in the federal workforce — because if he does, it would be a “disaster for Virginia’s economy,” particularly in Northern Virginia and Hampton Roads. “We would get hit worse than any [...]
Navy Federal ordered to refund customers $80M, pay $15M civil penalty
The Consumer Financial Protection Bureau is ordering Navy Federal Credit Union to refund more than $80 million to customers and pay a $15 million civil penalty for allegedly charging illegal overdraft fees. CFPB announced the actions against the nation’s largest credit union on Thursday. CFPB alleges that from 2017 to 2022[...]
Accenture Federal Services wins $1.6B task order
Accenture Federal Services has been awarded a task order of up to $1.6 billion to scale and enhance Cloud One, the cloud computing platforms available to the U.S. Department of Defense that are managed by the Air Force, the Arlington County federal contractor announced last week. “Accenture Federal Services will help the U.S[...]
Work begins on phase 2 of McLean affordable housing development
Construction has started on the second phase of the two-phase Somos at McLean Metro, an affordable housing development backed by Amazon.com, SCG Development, a Tysons real estate developer, announced last week. Work on the 231-unit first phase began in April. Phase B will add 225 new units, a mix of studio and one-, two- and [&h[...]
CoStar makes deal to move into Arlington HQ in early 2025
CoStar Group is accelerating its headquarters move from Washington, D.C., to Arlington County, thanks to a deal with a tenant in the headquarters building that included a $48 million early termination fee. The global real estate data and analytics company, best known for its Apartments.com and Homes.com marketplaces, announced p[...]
Avionics manufacturer will invest $5M on Reston office and R&D facility
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. �[...]
Army awards $676M contracts for weapon system
The U.S. Army has awarded Raytheon a $676 million contract to continue manufacturing the TOW weapon system, which provides heavy anti-tank guided missile capability, RTX, the Arlington County parent company of Raytheon, a defense contractor, announced Wednesday. Two separate awards consist of a $430 million contract for FY 202[...]
HII’s Mission Technologies secures $3B DOD contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $3 billion contract to provide the Department of Defense logistics and intelligence support and technology. Under the Logistics Services, ISR [Intelligence, Surveillance and Reconnaissance] Operations and Next-Gen Technology (LOGIX) task order,[...]
FOR THE RECORD NOVEMBER 2024
CENTRAL VIRGINIA Altria Group and Virginia Commonwealth University are discussing the possibility of the university buying the 450,000-square-foot Altria Center for Research and Technology in downtown Richmond, the two parties acknowledged in October. The East Leigh Street building is assessed at $275 million. If the deal comes to fruition, Altria plans to build a new […]
Amazon, Dominion agree to explore nuclear development
With power consumption by data centers and AI projected to more than quadruple in Virginia in the next 15 years, Amazon.com and Dominion Energy Virginia have entered into an agreement to explore potential development of small modular nuclear reactors at North Anna Power Station in Louisa County, the two companies announced durin[...]
